It has a weekly as well as daily resistance at 420 from where it has reacted. Unless it manages a close above it there is strong possibility it might retest support at 390-380 to confirm a higher low. Sustaining above 420 (on closing basis) could take it to 475
CADILLA CUP AND HANDLE FORMATION Comming UP!!!!
The retracement from the resistance could be ending here near a Bullish Cypher which is close to both daily and weekly support. The overall uptrend view along with this would get negated below 2085
Levels in the chart mentioned. For educational purpose
Considering FIBO, after retrenchment from 23%, now stock is reached near to double of 1st wave. From 1.61 it was retraced but now reached to level 2 - Price 1611 Let's see will it be fall from here, and 1611 will be resistance or not. This is only Education post, do your analysis before any investment.
SBI s still holding fort. as long as it holds above 323 on closing basis, it can test 344 345 which 61.8% retracement of the previous while fall. i would prefer to sell at 344 345 rather than buying at this juncture since it has already rallied.
Pattern Explanation: A Cup & Handle Price pattern on the daily chart of Sunpharma observed where the cup is in the shape of "U" or rounding bottom formation with almost equal highs on either side. Handle (Right side) is a small pullback from the higher end is also looks rounding which is almost 1/3rd of the size of the prior advance indicating a better strength of...
Bajaj Finserv has reached important trendline resitance in its long term chart. any big move up the trendline might give an accelrated up move which might be the last leg.. else like its previous nstnces it might grind along the upper trend line..
CrudeOil profit booking on higher side expected in coming days