In weekly, after a strong uptrend, head & shoulder pattern formed then price broke the neckline and pattern confirmed. Bolinger band is in downtrend and price is pushing the lower BB downwards. So we can see selling pressure in metal stocks like tatasteel, hindzinc, welcorp, hindalco, vedanta etc.
In weekly, important horizontal support 555-542 broken, next support at 415-407 level. In daily time frame.
-Details in the chart-.
Hello Friends I am new In Analysis and Keep Learning And Today im confused In This Chart Can anyone tell me This IS Downtrend Line Or Not? I Think Bullish divergence Is Right But Not Sure about Trend Line Please give me your valuable time to explain me Thank you
CE OI thrice that of PE OI. 150 Seems like an unbreakable level. Short and carry till levels of 135. Stoploss: Above 145.6 Further analysis after target meets.
NSE:TATAMOTORS reversal from major support and rsi divergence
On breaking neutral bound we can see given target on chart
Chart is self explanatory. Regards
it has strong support at 120 we can see correction wave there
NSE:INDUSINDBK Head & shoulder pattern formed on daily chart. Support levels have been indicated. Disclaimer: Consult your financial advisor before investing.
Keep an eye on SUNPHARMA. A blue chip stock in downtrend for a long time.
In weekly, price broke horizontal support, then it bounced back to retest the broken support, which is acting as a resistance now. also price is at descending channel resistance. also double top pattern confirmed here, it can slide down to 670, 640, 560 levels.
I AM BEARISH ON THIS STOCK BASED ON MY ANLAYSIS AND SEE A SHARP CORRECTION COMING IN IT IN WEEK OR MORE
I will like to short pvr at high for target 0f 1250 1230 1200