Bank of Maharastra is currently making a Rising wedge pattern. It is also making a shooting star at the upper line of the wedge signifying selling pressure.. The price if breaks out of the rising wedge in coming weeks can drop to 55 levels where it has support.
Its following a channel.. currently breaking out and might retest in coming days. DAILY RSI is 70 showing strength / Weekly RSI is 66 ( Showing strength) Monthly RSI 49.12 . Ideally I would want it to be above 50 but this is good and should get over 50 by the end of the month.. Price might jump to previous highs
The chart is making a rounding bottom and in the short time , following a parallel channel.
Its forming a Rounding bottom on Monthly Time Frame. Currently Retesting on the recent breakout.
The chart is showing Rounding bottom on MTF with RSI and volume support during the previous break. The chart is self explanatory
On Monthly Chart, it is breaking a 13 year old treadline On Daily Chart, Multiple Patterns are visisble supported by Volume In long term , close above 96 can take this to 134 135
The script is showing Trend Reversal supported by Bunch of Volumes and Bunch of Candles Buy above 175 , can go till 200
Its making a Head and shoulder pattern , Resistance at 181 and 195 It would be interesting to see this script in coming days and once it crosses 181 and 195.
Trendline Getting Respected Retest zone will be interesting to watch on DCB. #Learning #Observation Use Discretion !!! Just for Educational purpose
Forming Rounding Pattern , Almost ready to break the resistance , Volume is looking good MACD Line crossing Signal Line and above central line. Everything looks positive on the weekly chart. The stock can go till 300 levels from here.
IRB Infra- Weekly Time Frame - => MACD Crossing Signal Line => MACD Crossing Central Line => Symmetrical Traingle Breakout => Volume Present
SBI is at a strong support and has the potential to bounce back from the current price levels. It has corrected in recent times
#HDFCBANK showing support level. It has returned from this point in the past.( Currently at lower level of the channel). MACD nearing Signal Line. RSI also started showing upward moment after bottoming out. . . Fundamentally , this stock has no red flags at this stage. . Going by the analysis. HDFC Bank is a good buy at current levels. . This is not a...
Script is facing resistance at 115, attempted to break it multiple times. It also has good volume support . Its just a matter of time before it can cross these level which will then become the new support levels for this script. The script also created a cup and handle pattern and successfully breaked the earlier resistance of 105 despite negative sentiments.
IOC is respecting the trendline on daily basis. A close above 94 or 95 can take this to 100 where it will again find resistance at 101.
Showing positive trend on multiple fronts.. ==> Round Bottom ==> Traingle Pattern ==> Head and Shoulders ==> Volumes Would be interesting to watch on WTF !! Use Discretion !!!
The Script is trading above the EMA currently showing good support level above 60days EMA. It is also forming a cup pattern and likely to complete it without any issues. Has strong fundamentals.
Currently at the lower end of the Trend line on Monthly Chart. In the long run, the share can easily give high returns..