Returned from and standing very near support. Good entry point for medium term
Theoritically it can go to a level of 94.50
Short term mild recovery can be seen if the stock goes above 184.
Presesntly the stock price is toeing 1/1 descending line and appears bearish. Bullishness may return once it closes above 156 and continues upmove to 186 to get out of the bearish shadow
Disclaimer... invested and averaging Not an investing/trading recommendation
In this run up the scrip may see a level of 25-26 in short term.
One may have a medium term target of 192.35 with intermediate resistance, the immediate one being between 156-160
If it crosses 117.25 on closing basis next target can be kept at 140
ITC is in bearish trend and is following descending 2/1 angle. Friday's upmove gives us hope that it crossed 2/1 line. However bullishness will return upon closing above 271 when it will cross 8/1 ascending fan.
Crossed important 4/1 resistance. One may hope for 169 and support at 147.90
An entry can be made in MP, resistance at 52.80
We are likely to see two more UC's before sideways movement. Target 660 in this run up.
i would like to go long in psu banks tomorrow !
It may not go down to a level of 765 in short term and may go up from here. Target (incremental of) 1360 if bullishness continues.
For the last 13 days the stock is consolidating and not toeing 1/2 or 1/3 descending line.The stock may continue to consolidate till 10.07.2018 for the next up move unless it starts to go down immediately.