NIFTY is at 1.618 fib extension of the pop it ad during the corporate tax and also close to the trendline resistance from the previous 2 highs.
with results season starting and budget ahead, expect volatilty ahead
better to rade midcaps which are flying around..
A green hammer has formed at the monthly support. Overall, a heavy downtrend is seen.
In the weekly, the Price turned sideways from a downtrend from April. There is a stiff resistance at 2750. Nothing is so bullish from the RSI.
In the Daily, price has broken the Trend Line but without good momentum.
For an entry long, I want to see good price action...
Found this downtrend pattern . Sounds like if the pattern continuous this may go below the book value.
Will this break this pattern ?.Seems it is struggling.
Not promising numbers on the fundamental, though less or almost zero debts.RSI is downwards,small market capital. However, Pattern is on break- out one can think of short term delivery trades with SL and desired targets according to your conviction . Keeping this stock in my notes to research more on fundamental and to check if this is a progressive business to...
Nifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.
SUNPHARMA is nearing its long term trendline resistance.
its been relatively stronger in the market fall the last 2 days..
something to keep an eye on..
Manappuram formed a dark cloud over few days back and then tried crossing the level but couldnt.
and today forms more or less a bearish engulfing candle.
buy above 180 for 185 188 190 or short below todays low.. for 172 170
after a good move DLF has been inching up with some negative divergence and has closed at the top of the channel with a spinning top.
long above todays high, short below todays low
