The pair ratio has corrected to long term crucial turning point (range). It is also standing at 61.8% retracement of rally from Jan'18 - Feb'19 RSI is in oversold territory Going by history, the pair ratio is ripe for reversal from 38.58 now, to potentially 44+
M&M up by 6% but ranging in an upper step levels. CTP is 184.90. Last two sessions shows good volumn and marginally good upward moments and if stock break 189.00 level (It's resistance zone based on one hour chart) and 191 level (it's an upper step level resistance zone) then the stock will go up. Be cautious as there may be profit bookings. But stock looks...
WE can observe the breakout from the ascending triangle pattern.
Long term perspective Further down side expected in Tata Motors Basis:- 1. 5 day SMA below 20 SMA indicating downtrend 2. RSI on monthly and weekly chart below 40 3. Negative reverse divergence indicated by RSI forming higher bottoms and the chart forming lower bottoms (marked with black arrows) 4. Good red volumes The chart in the post is candlesticks. Reverse...
All we need to look around our surrounding to find multibaggers nothing else And some technical knowledge that's it
Axis bank have multiple support levels to look out Checkout charts for price levels
Even though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Investment opportunity for long-term holders
Longterm holders have an opportunity