-ve divergence on weekly chart , if the rising trend line is broken the stock might retest levels of 66 -57. Trend is down and pricking up at lower level for long term would be a good bet. stockdada.com
Bullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
Consolidating at the important Fibonacci retracement level 50% should be on radar till 87-84 for a good pull back . A good long term stock in view of the new projects coming up.
CMP 229 , Time to go long. results disappointed but momentum continues. Aroon indicator has just turned bullish on weekly charts might see a good run above 240 levels . Once above 240 the stock might test 300-320 in medium term
Monthly carts are forming Cup and holder patter and any breakout above INR 200 can inch this stock to 340-345 levels. stable and rising crude prices will support the strong upmove.
Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 64163.38 Crore) operating in Iron and Steel sector. Ratan Tata was the chairman of the Tata group since 1991. As he Said, "I don't believe in taking right decisions, I take decisions and then make them right".He boldly got Tata Tea to acquire Tetley, Tata Motors to...
We have seen that the basic formation of Trend Analysis is Higher Top Higher Bottom formation & Lower Top Lower Bottom formation. Prices have recently corrected from his recent highs and it was shoot up yesterday with GOOD Volumes. If we judge it as Higher Top Higher Bottom formation we can see that Prices can make new highs above 337 or levels. If prices breaks...
