Totka used in Idea is called Reverse Fibonacci
Using the previous leg & measuring its 138.2% gave us the top 11117 - can we get the top again at 11320- no confirmation yet so only risky traders to take sell in 11300-11320
Note - Going above 11320 ( Sell call is negated - close all sell positions & out)
Plan A - Sell below 11265 on closing...
Buying on shakeouts, When the stock goes down on low volume it means weaker buyers exiting, Watch the stock and notice how quickly turns around comes right back up. In this case it took credit access exactly one minute to move from 576( days low ) to 590.
This means when the retailer/weaker buyers had moved out, institutes added more.
I bought more on when it...
TITAN has breached resistance and expected to touch 1159 to 1175 targets. Previous resistance expected to act as support.
RSI is trading above 70 which shows momentum and bias towards buying strength.
View negated below 1125 on hourly closing basis.
Kindly do your own research before taking trading decision.
Britannia forming Morning star Pattern at major support with good Volume.
Bullish View on stock due to below point:
1) Britannia has taken support at major support (22250-2400) ,which was major consolidation / support zone in Jan -Feb 2018 times. See chart for more detail.
2) It has form reversal pattern of morning star candlestick pattern with...