Tata Motors is following a disciplined rectangular channel for long time. An upside breakout has been seen in recent and another one is expected soon. Long when channel breakout happens successfully.
Stock seems to has habit of moving in channel in accordance with bollinger band.
weekly chart... pure price channel based movement blue circles are support points. orange circles shows breakout & resistance. strong support at 177 . I suggest to go with breakout of upertrendline.
This is weekly chart of DIVISLAB on NSE with CMP @ 1477.80. It seems to be an excellent scrip for long term investment based on following observations: 1. Price was trading in a channel as shown on the chart since June 2011 unless it broke down in Dec 2016. Price once again has entered the channel after deep corrections. 2. Price has broken previous high made in...
Prcaticing My Countings With EW. . .
Technical : Price Channel Target @ 380 Chart Pattern : “Bullish Price Channel” Main Trend Line : At 8 Dec 2017, 18 Dec 2017, reaction lows formed the beginning of the main trend line . Subsequent lows in 03 January 2018, and 10 January 2018 confirmed the main trend line . Channel Line : Once the main trend line was in place, the channel line beginning...
Amara Raja batteries CMP 753 The stock recommended at 690 is very near its target of 760 Link to Previous update We cannot time the market but when time comes one surely can make the most of it... Consider booking profits... Enjoy & happy week end...!!!
SBI CMP 256 Observations - trading in ascending channel since Feb 2016 - currently at lower end of channel -trading below 50 day EMA - trading below 200 day EMA View going forward Scenario 1 - stock is at major trendline support & if the stock holds on to current level then - the stock may see a bounce towards either 50 day EMA currently around...