Currently Siemns stuck in a range. It can go either up or down. As per current market trend, it should up but no one knows.
In consolidation stage at higher level if break above 1030 then it would move further up.
NIFTY Outlook Strong Resistance Zone: 12020-12040 Minor Support Zone: 11800-11830 Strong Support Zone: 11680 to 11720 NF may test its minor support zone @ 11800. On a daily closing basis, 10800 is an important level. If it will not able to sustain above 11850 to 11800 zone then it may test its major support zone: 11680 to 11720. Still, Trend is Bullish on...
HDFC AMC making higher high & higher low, it is in uptrend since long time. Expecting it to move further. I would like it to buy at next correction which would next higher low :), will wait for that. Current levels also good to buy if you want to hold it for longer time period.
There has been single side move on weekly timeframe since Apr 2019. Now expecting correct to happen at least till 38% (530) or 50% (494) Fibonacci levels, that would be good buying opportunity. But not sure it would come to that level or not. On weekly chart it is closed below 50 EMA
There could be break in Ultratech Cement if it cross above the trand line Next Target could be 4425
There could further positive move if it crosses above the 200 EMA Volumn is also good on last day
For learning purpose if you look at the weekly chart - there was consolidation and then it gave breakout on upside. It closed above the 50 EMA from the consolidation range and then rally continued further. It was good opportunity for buy There was rejection from 50 EMA on weekly chart (see very long wick), next or next to next green candle was also good...
IT IS TAKING RESISTANCE ON FIBONACCI`S 50 % LEVEL PLUS BULLISH DIVERGENCE SEEN WITH STOCHASTICS AND IT IS CONSOLIDATING UNDER TRENDLINES IF UPPER LINE IS BROKEN IN 15 MINUTE CANDLE TARGET FOR LONG IS 81 IF BREAKS LOWER TRENDLINE GO SHORT AND REST DEPENDS ON RESULT DUE TOMORROW GOOD LUCK
IT IS RESPECTING AND TAKING SUPPORT ON TRENDLINE AND BULLISH DIVERGENCE IS SEEN WITH STOCHASTICS WATCH OUT FOR A DOJI CANDLE AND GO LONG TARGET IS GIVEN STOPLOSS IS LOWER TREND LINE MUST NOT BE BROKEN ON CLOSING BASIS
expecting 260-70 in the next
Trade Planned on Previous day 7th November 2019 Entry @ 15452.9 StopLoss @ 1546.95 currently Running at Reward:Risk Ration = 6:1
looks like stock is consolidating at current levels.