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UTTAM VALUE STEELS, ADANI POWER LTD, RELIANCE COMM LTD, JAIPRAKASH ASSOCIA, SUZLON ENERGY LTD, TV18 BROADCAST LTD
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HH = Higher high
HL - Higher low
Long above prev day high
Sl = prev day low
Target 1 - 163.3
If it breaks 163.3 it can go up to 170
Although Upward Trendline Broken, it seems to be resuming uptrend,
Previous swing high retraced to 61.8% fib level,
Can go long above 1300, No targets, lets TSL it and exit on hitting or once it touches previous trendline,
CBSL at 1272
LOOK IN THE CHART....
Current Resistance level at 409
Made higher bottom with Hammer and
Next candle is Green High
Entry = 376
Target1 = 409
SL = 360
Notes on the chart.
Always have an exit plan.
In weekly, price bounced from trend line support, also it is making higher high and higher low.
in daily price at horizontal support https://in.tradingview.com/x/evsvVACx/
sl - 2475, 1st tgt - 2750
Nifty has made today a Bearish Engulfing Candlestick pattern...
Hope we may see downside...
It may fall upto 9530 regions... And if it brake those levels we may consider it as a channel breakdown..
Targets are 9630/9575/9535
SL : 9705
Note: Do your own study before making any position...
Please Like, Follow and Comment your views below...
TECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120.
FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits ...
Demonetization really matters?
all economist have different view. what to follow?
Follow the chart bcz a picture worth thousands words..
honest view looking at chart. recovery may be rapid also than what i shown.
its forecast only. study purpose only.