as maruti has already rallied enough ..and now struggling a bit to sustain at high levels ..i expect a good fall and retest lower levels ...lets wait and watch!
For 19 Dec, i am biased towards short trade. Entries very close to close price. Trade on paper.
near its all time low ..chances of a quick good reversal ..lets watch it closely
Stock Failed to Break Resistance. Moving in a Channel. Falled from upper trend line. Reversal Candel observed. Supply Zone till 1211. Positional View. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.
It has been observed that the price action was trending up and then corrected sharply within a downward channel and now it is breaking above the channel indicating a further continuation move to 340 plus levels. T1- 535 T2- 545 SL-505
Regular Divergence, Bullish Engulfing, Support from trendlines and decent volum3 on last weeks.
Tomorrow's trade above 10118 will mark end for decline
Go Short on RAMCOCEM as its formed bearish engulfing. AND cracked OBV shows that major players have sold the stock as it was range bound since few days. Short RAMCOCEM at 705. Target 695 with SL of 710
For Tomorrow we have Ncc Short, The rest explained in the Chart. Good Luck.
My trend analysis about sbi will breakout from present resistance based on December (90% chance)
Is some retracement possible here ? Looking forward to breaking the wedge next month A paper trade to observe on 30 Nov.
ITC is strong company Fundamentally & basically every1 says buy it and gift them to your grand children :P so lets long it as its available at very nice price ITC made Hammer Candle Stick Long above 256 with 250 SL or else just buy 1-10-100 qty and forget it :) T1 - 261 T2 - 267.5 T3 - 272.9 T4 - 278
TATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a...
Shooting star, Exhaustion gap in ICICI BANK. NSE:ICICIBANK has formed a shooting star, and is exhibiting a exhaustion gap at the top of an uptrend. It is also exhibiting RSI divergence. ***Volumes are not that convincing. RBI announcements on December 5th