Today I was expecting a bullish move and it was but in last hour we saw selling pressure from 11946 level and my resistance level was 11926.
Now on the daily chart it has formed long upper shadow with little body.
By looking at the daily candle of today, I am bit bearish because there is a resistance on weekly chart and 11926 is the weekly...
We can see a weekly chart of L&T Infotech, which took support around 1440. It has made the spinning top near support before last to last week and given confirmation of Double Bottom. Now the stock is showing the potential of gain in this weak market. We are looking positional target of 1620-1650-1700-1800. Keep stop-loss below 1435, add your own analysis too.
On 6th March 2019, Nifty break its strong resistance of 11020, now it move towards its next resistance wall of 11120 & 11250 if in upcoming 3-4 sessions(Specially Weekly Closing) it closes above these levels then it clearly move to break its old High of 11760 which needs energized fuel to pump up. So what are this energized fuel? No comments on that time will...
Gail India : Has formed Shooting star candle stick pattern after good up move. This is a bearish pattern.
Also noticed it has rejected 200 EMA which adds more confidence of expecting weakness in this counter.
If starts trading BELOW Friday low then this patter is valid.