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.
Our bearish signs are forming and now we have another condition from our perspective which is the daily close below 6500 $ support after which we can see the levels of 4000 $ and 2200 $ we ask Allah reconcile and repay
On the last trading day it has crossed descending 1/1 line and if 300 level is not breached, immediate upside can be seen at 317, progreesive resistance seen at 356.
Just curiosity - not a trade idea - the move since trump came has been almost vertical and took it out of the Gann band it was in for a long time. This is the one that has hurt bears the most. SPX's price in contrast is now 4.15X, no mean feat but much poorer vs Nasdaq
Himadri Speciality Chemicals formed double bottom today in a span of 28 days. If the stock moves up from today's bottom without any down side movement, we may see any one of the levels viz., 150, 155, 161, 174 in short term.
