Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth...
There is a strong support found around 365 and it formed a hammer like pattern not allowing the price to go below 365. Fundamentals are also looking good. We expect the stock to shoot upto 450 levels. Place the stop loss below the support level 365.
Tail it has all the characteristics and underlying implications of the excess price, but is stronger. The less time price spends at a certain price level, the more effective that price level will be in providing support or resistance for future price action. Because less time spent shows greater rejection. Observe how price goes above value and spends there the...
Buy Voltas with a SL of 511 and targets of 536.3/542. Also do not take this trade if it opens above 533. Suggestion : Buy on a dip so as to get a better risk reward ratio. Adjust your volumes as per the entry price.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
Buy only if NSE:UPL opens below 769 for an initial target of 778.5 . Keep strict SL at 757. Do not initiate this trade if it opens above 774.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns....
1) fundamental:- lower cruid prices reduces tyre industry raw material costing
2) Technical:- Hammer pattern formation in monthly chart
3) RSI took strong support
4) HAmmer pattern formation exactly near trendline
5) today stock gave close 224 above previous month high 223.