Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend.
I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently.
The chart respects the strong support pink line and on july 2017 it broke the green...
SBI has touched the support on weekly chart and now it has to bounce back to reach 285 RS now for short term intrady this is the target refer my arrow.
There will be small support and resistance but it will touch 261 very soon.
This chart is for 1 hour. Weekly chart thing is just for an update.
May 2019 Loksabha Election Month.
Before Election we may see 18300 level, if it breach then we may see 17000 level also which is a 1.618% level.
18300 to 17000 will be our buy zone.
-Study Purpose Hemraj Solanki
19-02-2018
ONGC
On 13 June when ONGC was at 168, it was suggested that
- the stock is currently in down trend
&
Closer to 158-162 will be worth accumulating from risk:reward ratio perspective
Link to previous analysis
For last 2 days the stock has defended 158 on closing basis &
Candlestick pattern at important support level suggests reversal is round the...
