It appears to have formed a double bottom in lower time frame after the recent sell off. If it sustains above 260 then it could retest 275 where it finds its first level of resistance for any bounce/reversal.
Buy ongc Cmp 128 Sl 123.30 Tgt 143.30 Above information is educational purpose only.
Its and weird trade. The day before yesterday, Axis bank was having NR7 and Inside Bar day and it triggered sell. That ended in profit. But, Yesterday, Axis bank had NR8 day because the range created on the NR7 day ended up narrower. But, ironically, this time, it triggered buy. That ended in massive profits.
NOT GOOD FOR YES BANK UNLESS IT REVERSES ITS DIRECTION. MUCH DOWN SIDE MAY BE POSSIBLE
Description is on the chart. NSE:JINDALSTEL
In daily time frame CIPLA is on the verge of a breakout above 485. Above which it could go and complete the min bounce/reversal levels (510-520) of a Monthly AB=CD formed near recent low. It has very good support at 475-470.
Expecting the stock to touch the demand zone again
Used Demand and Supply analysis
All levels are marked on the chart. All Charts are for educational purposes. Non-advisory, discretional.