ITC Limited is always a positive trend stock and the consumer will increase on daily basis, since major people cannot avoid cigarette once they addicted to it.
I did deep dive analysis in ITC and noticed, deep fall in it as per technicals. It was one of challenging analysis in technical in recent times for me, since the analysis is opposite to what it is...
ASIAN Paints is downtrend on short term, but uptrend on Long term. I marked the trend channel with control lines in charts, the prices oscillates within channel.
Cycle 1 - (Short Term Target)
Target 1: 1434
Target 2: 1401
Target Date : 23rd Sep, 2019
Cycle 2 (Long Term Targets)
Target : 1726
Target Date : 18th Jan, 2021.
NIFTYBANK today failed to hold the level of 28000 and is expected to continue the downtrend for now, NIFTYBANK current support is still in action and is placed at 27620(Today almost touched the SUPPORT with low of 27641), after breaking which it could touch the levels 27400. Tomorrow is NIFTYBANK expiry and a good movement can be possibly seen. Please trade with...
NIFTY failed to gain upper momentum and has tested the resistance of 11000, NIFTY downfall is still left and it's INTERIM SUPPORT is placed at 10760 followed by the FINAL SUPPORT placed at 10600. Nifty on the upper band has INTERIM RESISTANCE at 10984 and FINAL RESISTANCE at 11110. Tomorrow is 8th Aug Expiry, please trade with less quantities as market would be...
ONGC is in a small correction phase on the 15min chart. The stock has created a clear bear flag formation which can break to the downside. Shorts can be initiated after the levels of 133.75 have been broken.
Target 1 - 132.75
Target 2 - 130.80
Target 3 - 127.95
This content is for information and educational purposes only and should not be...
Long term tight channel since 2016.
3 excesses at the value and one excess at value low.
5 waves are completed.
A previous Resistance and Wave(3) at 28227(can be upcoming support).
50 days moving average is at 28080 nearby (too far for work as support).
Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug...
short at 30200 - 30250 range
stop loss 30400
1st target 29570
2nd target 28867
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.