SHREE CEMENT has more likely formed a top for a long time to come clear negativ divergence and any break below the channel at the top which looks like distrubution is going to correct bigg.
IGL. forming clear long term negative divergence. investors be cautious..
I see 2300 as target for the day...volumes and oi are increasing
3m India which has been rock solid in the downfall, it seem now stock is ready for correction as the MACD histogram is still in negative territory and also stock not only gone below long term moving average but broken the trend line. it seems stock is heading towards below 14500...
today, I see my target 16500-800
NIFTY is moving in a triangle.. RSI is taking support on a trendline in one hr chart. just a reference. Trade cautiously..
If it gives an hourly close below 70 then there would a v strong likelihood of further cooling till 50 where it has an alignment of support from Monthly down to Hourly. This in turn would get some steadiness to markets. Less of these wild intraday swings and lower probabilities of large daily candles. Near 50 it could then resume its upward journey. Whether this...
Its a rarity to spot a bullish harmonic pattern showing signs of reversal nowadays that too in lower time frame. Here in hourly LUPIN has made a bullish Shark. It is showing strong support at 550. It could retest 600 provided it does not break 525.