ASHAPUR MINE CHEM As per Daily chart analysis has a strong multi year resistance line at 111 level and after couple of months down trend channel the stock is moving up and once it breaks 111 level then target 118 is achievable
A decently medium term upward trendline originating from November 2020 has recently been broken by TCS. In fact, it seems to have started respecting recently formed downward trendline. After the recent pullback to the trendline and the averages, it is seeing the beginning of another bearish leg...
As you see in the chart there is the downtrend line and Banknifty still below the breakout.
For tomorrow we follow simple Strategy.
We will buy CE once Banknifty breaks 32682, before that we can follow sell on rise strategy.
We will buy PE once Banknifty go down below 31690.
So on tomorrow banknifty can go in upward because yesterday hdfc Bank declare the...
Past results dont mean future results , but indication says market algorithm will see a nice downtrend or consolidation between the 40 area, and as FALL and elections come, be prepared for fear in the markets.
Channels are used broadly by technical traders to identify and follow the trends of securities over time.
channel is one such charting pattern that technical analysts will use to evaluate the trend of a security.
In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities.
Head and Shoulder:
In technical analysis,...
For the past few days, its Consolidating in a range. Making a Descending triangle pattern.
Now it may break downside. Let see tomorrow.
For me it looks bearish below 530
may fall up to 500-510
Shower some LIkes!! If it Helps! :)
On August 9th, Coal India stock broke its 15 min, 30 min, 45 min and 60 min up trend line to provide short term traders an excellent shorting opportunity to mint some big money. Coal India may slip to 202 from its current market price of 207.60.
BTST IN RELIANCE
BEARISH TRENDLINE BREAKOUT ON THE UPSIDE
WILL LEAD THE NIFTY BREAKOUT
SYMMETRICAL TRINANGLE ON HOURLY CHART
Exit Holding if : Closing Below 78.50
Stop-Loss : 85.80
Minimum Target Price : 53.25
Risk to Reward 1: 3.6
Of course, It's not a trading opportunity as we can not short sell this stock and make a profit. But Those who holding Prajind in their portfolio can exit and enter at a lower level again.
It seems convincing enough to sell the stock based on his recent...