Last week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis.
So in ITC chances are too high that market will open in downward side but there is a also...
Stock has been trading in a parallel channel for almost all of Jan and yet RSI & MACD has also given a clear divergence over the same period.
A decisive break below 1325 and the stock might correct towards 1300/1275/1250
All ideas shared are for educational purposes.
Muthoot Finance Breakdown sell below 769. as it has broken the trend line as the buying zone is around 770 so dont short at current levels wait for it to breach 770 levels once it breaks it target would be 760 745 and 735
After breaking Psychological level of 450... Wait for 2 points down for conformation of sell signal... Sunpharma Sell Below 448.. Touched Support of 450 6 times in hourly chart.. now its ready to go down as its now trading below 20MA
The pair has formed a diamond pattern, which is very rare. The pattern is favorable for bears. The price can take a break down from the current level or can first move up to 1.10532 before any bearish move. The tp for the trade is at 1.09685. If we get a daily closing below this support, we can look at 1.09 as the next target. For the entire trade setup, the stop...