Eicher motor is in declining mode. This stock has outperformed in last 3 years. However, the stock is available at very high cost. The following is the next possible correction phases:
Break below 20014:
Target 1: 18200
Target 2: 16385
Target 3: 15263
Wait for a good price to buy at a lower level.
Infratel - Perfect example of bearish price Channel.
A price channel is a pair of parallel trend lines that form a chart pattern. Channels may be horizontal, ascending or descending. When prices pass through and stay through a trendline representing support or resistance.
How to trade this?
1. When the price hits the top of the channel, take a short...
Very common price action structure with momentum, There is a different trade managaement and money management behind the setup so do your own analysis before taking trades
We can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line...
Germany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our...
This chart looks at US 10 Year Bond Yield over last 30 years.
The yield was in a downtrend and in a falling channel for 30 years until now where it broke out above the channel. This may signal a near term top on Equity markets.
Purely educational not to be taken as advice
NIFTY HAS GOOD SUPPORT NEAR 10800 and ALSO MARKED CHANNEL BOTTOM AROUND THE SAME LEVEL.
WE COULD SEE BOUNCE FROM THESE LEVEL TO 11076/11144 LEVEL. FROM THESE LEVEL ONE CAN SHORT WITH SL OF 11180 FOR THE DOWNSIDE TARGET OF 10740/10680
till now this has fallen least in telecommunication sector
on weekly scale it has broken important trendline and last candle is a doji price moving above doji high and low will decide its further move.
my view - price should break now and make new lows
