Althrough posting it little late..
Jubilant ind has formed double bottom.. I knew it will go up 1 week back.. anyway still its a buy.. if it crosses the neck line..
also bulk deals are happened so we can expect upmove for a shorter time frames of 1 week....
share your comments too..
Sun Pharma has made multiple bottoms in the last few weeks, for a long term it shows good bounce back if it follows in the next few months.
Entry above the trend line.
SL should be below the support.
Target - 100 points from trend line.
The 200 MA at 11130.
A "Consequence zone" of all 3 fib. retracement at 11502 nearby.
From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).
Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.
Point 2) Now, loot at the Fib. Retracement (iii)...
Expect Bullish Move "If" stock holds in 705-709 zone with strict stops below 695
Sell Below 695 with strict stops above 720
Target - 620 / 630
Thanks for watching the video.
Rounded Bottom Pattern formed in a downtrend.
Waiting for the charts to close above 200.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
Bullish pattern with 3 falling wedges followed by symmetrical triangle which gave a breakout. The target is 520 levels. Once 520 is achieved a rounded bottom pattern would be formed. Post that we have to wait for the charts to break the neck, for further upside.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post...