NIFTY50 has it's first INTERIM RESISTANCE placed at 11103 followed by FINAL RESISTANCE at 11143, NIFTY50 has been trading in a closed channel in Hourly basis and has INTERIM SUPPORT at 10984 followed by final Support for this week EXPIRY at 10830. Please trade cautiously and consult your financial adviser before trading. You can also join our telegram channel by...
SunTV is trading at a very important level of 440 and any breakout downside could easily lead to levels of 400 and further to 384, Upper Band Resistance is placed at 460 above which bulls will gain some strength and can take it to higher levels, but current market trend shows the trend as down. Trade safely and consult your financial advisor before trading.
Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken.
However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!
A symmetrical triangle was spotted, however the breakout could pass the 3% closing test and hence no trade.
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
NLC India Ltd
NLC India Ltd. is engaged in the mining and exploration of lignite and generation of thermal power in India. The company owns opencast mines and thermal power stations. It supplies power to diverse industries such as electricity boards, cement companies and paint companies, in addition to other...
Double Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP.
But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend.
Buy is suggested post correction.