NSE:GRANULES
Hi Traders,
Keep a close watch on GRANULES. It can breakout.
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This would give us ...
Bhel can go up after breakout, if takes support and breaks short term trendline. If breaks support this view stands cancelled.
PLEASE DO UR OWN REASEARCH THIS IS NOT AN ADVICE JUST MY VIEW ON STOCK “EDUCATIONAL PURPOSE ONLY”
It has come to an Ichimoku Kumo support on daily time frame. In lower time frame it has given signs of reversal. It could retest 378 / 390 / 410 if it stays above 362.
Ichimoku is a Japanese study based on specific Moving Averages wherein just like Dow Theory the analyst with a one glance deciphers if price is above Kumo or below looking for an equilibrium set up
Titan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Post SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again...
According to Franklin Ochoa , on of smooth riding trading strategy - Magnet trade. There is high probablity that CPR (central pivot range) acts as magnet for prices when:
a)price opens gaps up towards R1 and there is test of price at R1 level
b)price opened gap up to immediate resistance
c)previous day close is near to current day CPR
