M_M is showing reversal sign and demand zone. The support is crucial breaking which may cause significant fall in the stock
Buy above 630 for 646.4 , 655.5 and 666.6
Looks good for positional long term
Reliance has taken the support at the demand zone and made reversal candle.
Its in 3-Inside Bar range hence Buy would trigger above 1279 for 1299 and 1319 and 1339 with SL 1245.8
This may help Nifty to take to 11475-11500 level which would be a trap zone
Metal sector is heavily affected by the conflict between US-CHINA. Demand of metal has been heavily dropped in china. And we can't see any upward move for this sector until and unless everything is sorted. Short Tata steel as it is moving towards strong support and no chance for getting upward. #Illuminati
Stock should have bounced after touching lower channel line but fibonacci retracement level of 61.8% is acting like strong resistance. For me stock becomes potential buy if it breaks 61.8% level, lets hope so.
Britannia has just hit it's long term support trend line and stock has always respected it in the past, plus there is contraction in price movement confirming to triangle. Stock is consolidating about 38% fibonacci retracement level. All factors are indicating a big potential move.
Although most of indicator beginning signaling a oversold, Hull MA almost cross down into a bearish trend for a while.. i keep an eye for fib 0.382 for the possible good support around 1300 satoshi .. if it's break high possibility a downtrend keep persist.
There's also a...
As you can clearly see in the chart, Brent is entering into the resistance area and also retraced 61.8 percent. it might fall from here after consolidating for some time. wait till it comes out from the area and short when it comes back to retest.
good Risk reward from here in the downside.
Not a financial advice.
Weekly Supertrend in the green = Long Term Trend Up
Daily William%R bouncing from oversold zone = Short Term Pullback Over
Stock taking support at Trendline and near 50% Fibonacci Level = Demand Zone
Bullish Engulfing Candlestick Pattern = Strong reversal sign
Buy with a stop at Rs.189.50 for a target of Rs.213 and above
Weekly Supertrend in the Green = Bullish
Daily William%R bouncing from oversold levels = Pullback done
Bouncing back from near 50% fibonacci levels = Bullish
Support taken at an old support and resistance area = Demand zone
More than 7 times the average volume = Bullish
Buy with a stop loss at Rs.59.50 for a target of Rs.70 and above