Currently in a downtrend. Looking to form a base. It is better to be patient and wait until the trend reverses.
From support zone price is moving towards the resistance
UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels. Sell Zone - 556 - 565 Traders should enter...
down channel broken and new uptrend began with higher high and higher low.
breakout and formation of new trend & formation of higher high and higher low.
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
Current Resistance level at 409 Made higher bottom with Hammer and Next candle is Green High Entry = 376 Target1 = 409 SL = 360
In weekly, price bounced from trend line support, also it is making higher high and higher low. in daily price at horizontal support 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...
Bosch is getting Binet's formula for bulls. stay invested
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.