Technical Observations:
1) Cup & Handle Formation (Daily Framework)
2) Falling Trendline has been Broken & the Price has made a healthy retracement.
3) RSI at a Healthy 60.82 Zone
NSE:GAIL
Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research.
Happy Investing, Stay Safe & Protect Your Capital
Index corrected 20% from top.
Strong support on lower level's.
Clear sign's of bottom formation and breakout is evident.
Falling Channel breakout and consolidation near breakout zone is giving strong confirmation.
MACD and Rsi too supportive.
Rally ahead.
Pullback's is excellent entry point's here on.
PNC infratech looking good on charts
Made a rounding bottom on support it could touch 240 if sustain above 230
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Titan breaked out falling trendline
Sustaining above 1460-65 willl be a good buy
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
After the recent correction, the stock has now turned tides.
Awaiting a breakout of the falling channel.
MACD also looks set for a positive crossover.
Usually , technical analysts recommend buy on horizontal breakouts but when there are more factors to suggest an up move right at the bottom, it is worth taking a risk of 30% of your planned investment in a stock.
