Educational Purpose.
Educational Purpose.
JSWSTEEL at resistence level. Gap down open to the last session close price. entry will be below 180.5 with a easy target of 172. and support trend line is at 166 level.
Nifty will face major resistance @ major supply zone @ 9985-10250 on the monthly chart. On the downside minor demand zone @ 9450-9500 and short turm major demand zone @ 8460-8600 for this month.
Rock Star (Cipla); Flag Pattern Reflected in the Pattern • Cipla is a Rock Star in the last 30-40 Days given good returns in the last one month . • After falling through the huge downwards Channel • Given a Break out and price is falling between major Support and Resistance Zone • Major Support Zone 578 • Major Resistance Zone 619 • Riding between these 2...
Hindustan Unilever Limited the ruling sector move currently 1) Had a strong bull run from the march end till Mid April 2) Stock Consolidates and Given a Down Move 3) Unable to Cross the middle line today which can break the Stock towards downwards move 4) Probability is that again go upwards as strong resistance to break middle channel from last 2 days 5)...
INDUSIND tried to break 480 levels, as long as it sustains above the support trend line, it will try to retest the resistance levels. if it is able to close above 480 levlels. it can rally upto 600 levels.
On daily charts we can see Cup & handle pattern, if it is able close above 567 levels on daily basis. it can rally 10%. if it closes below 527 and opens gap down tomorrow, it can fall upto 500 or 445.
1. AB=CD PATTERN FORMING 2. ASCENDING TRIANGLE FORMING 3. RSI DIVERGENCE.