CIPLA has been trading in a range for almost 5 years now ( Look at the chart)
But, now I think we might see a new trend- Potentially a bear one.
The problem with most traders is they think "indicators are everything" which is simply not true.
A fancy cluttered chart with 10 indicators doesn't mean accuracy at all.
I think you can trade with just basic tools, you...
NIFTY has came near High resistance line and fall to 11279. We can expect NIFTY to fall and touch 10923 level in forth coming week.
By October, we can conclude whether the corporate tax cut is sufficient enough to boost economy or not. Breakout on High resistance line is required to conclude slowdown is over or not and whether NIFTY march towards 12200 level or...
Bharti Airtel is breaking it's range (~340-380) slightly due to speculative/news based buying which doesn't seem sustainable. Short orders can be placed if it dips below 375 for targets of 340-335. Also, all the news channels seem very bullish on it which according to my experience means there's a high probability it will fall.
HELLO EVERYONE, TODAY I OBSERVED THAT THE BAJAJ FINANCE IS GOING UP VERY STRONGLY, WITH MAKING A PATTERN CALLED ASCENDING TRIANGLE PATTERN SO, I THINKS THAT IN NEAR FUTURE WE MAY SEE SOME BIG MOVEMENTS IN THE STOCK TO UPSIDE AND BULLS MAY WIN.
Nifty after making its Yearly Low of 2019 at 10637 in the month of Aug. Has tried to reach at the top but couldn't sustain above 11141 levels which created a barrier for the Nifty to show bull trend.
Leading to the Trend. To continue the up trend Nifty needs to break above the levels of 11142 which opens up the resistance level range of 11235-11245.