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Repco Home FinanceShort term trend channel broken.
Prices attempting a new high. Can reverse after doing so. Longs, wait for the trendline to enter.
SHREE CEMENTSWatchlist
There can be another tier to the channel. However, that seems unlikely.
The prices can bounce off the support after the breakout and reverse strongly in the other direction.
Wait and Watch
Kalpataru PowerCongestion at the entry point. Wait
Would have been a good setup only for the congestion!
This is the price of discipline.
MphasisNeeds more clarity. In a tight weekly uptrend. Wait for a trend line retest. We will look for a tight stop loss to enter.
Jindal StainlessShort-term trendline, not yet at trendline (yellow) wait for a new low before entering.
ABB IndiaI wanted to show more drawings on this chart. But avoided lest it leads to confusion. Weekly Downtrend channel in green. Prices move back and forth. Expect them to return to the trendline.
Problems:
1.Double top at midline.
2. Short term Downtrend.
3. Stock has broken the daily channel in yellow and given a new high. Time for a new trend or range to begin.
Wait for clarity. Will update when suitable. No fresh entry.
