UPL () Next What?
Let look at beaten Down Stocks exhibiting the bullish Momentum, divergence and failed break down type set ups that create an environment where stocks can really squeeze to the upside, price break down below a key support level – Stopping out longs and suckering in shorts and then reverses quickly – forcing shorts to cover longs that sold to get...
Eicher Motors () Next What?
A Great example of this is Eicher Motors which recently broke down below support at 12500 levels and has quickly reversed to start the week. As Long as Prices above 14800-14900 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 17000-17500 if it breaks then it will retrace it to 14000 odd...
Zeel () Next What?
A Great example of this is Zeel which recently broke down below support at 125 levels and has quickly reversed to start the week. As Long as Prices above 160-165 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 200 -220 Leveks if it breaks then it will retrace it to 135-140 odd levels again...
Grasim is Old is Gold stock in NSE India now crossing at major important levels
This Stock Is corrected massively during lock down and previously it is one of the Valued stock in Nifty but will it regaining its lost empire let see?
Stock has a strong support 400 levels nearby.
Parallel Channel has started from 2014 s and from there stock is showing higher...
Educational idea given on Candlestick charts pattern on RIL Share. Candle charts are not generating any trading ideas but provide the high probability that the stock move is going as per given direction. Check on daily charts all the conditions are fulfilled when we see the Shooting star candle visible on RIL share will go step by step .
1) After uptrend Shooting...
ICICIBANK 2008 fall has almost simialr candlestick charactristics.
fall happened in 10 months from top to bottom.
first 4 candles look similar. 5th is a little different. but looks like we have another 50% correction if we compare with 2008.
first 5 candles have almost 50% correction for the first months in 2008
almost 50% correction now in 2020 also
although...
Long term perspective
Further down side expected in Tata Motors
Basis:-
1. 5 day SMA below 20 SMA indicating downtrend
2. RSI on monthly and weekly chart below 40
3. Negative reverse divergence indicated by RSI forming higher bottoms and the chart forming lower bottoms (marked with black arrows)
4. Good red volumes
The chart in the post is candlesticks. Reverse...
