JISLJALEQS broke resistance and looks like gonna sustain this level and exhibit good upside
Today JKTYRE confirmed resistance break. MACD is supporting break most likely upside will start from here. Enjoy
Strategy: Buy @ 2407 and add more for 2600+ target ------------------------------ TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave...
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
National fertilizer gave a good break with price volatility chang
ASAL has undergone break in resistance, potential upside looks good, risk is less.
Rsi oversold area divergence on 5 min chart and bullish bat pattern on 15 min chart of Deepak fertiliser stoploss - 255 Target - 278 and 284
BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
Its been observed that PNB has been following an up trending channel since 24 may 2016. Considering the fundamentals, current events and upcoming events I am strongly bullish on PNB. Please feel free to share your thoughts and suggestions on this. PS: A small violation in the channel pattern was observed on the US election results day (09 NOV 2016) when the...
Zuari Global broke resistance, retraced and resumed upside. Since it was not already in uptrend the upside should be considered as weak for time it confirms itself as strong. Minimum TGT of 112 is expected with trailing SL starting from 98.
A double bottom is formed on Adani Ports which looks like is breaking today. A successful break will lead to good upside
Expecting a short term down-trend on Nifty given the dark cloud cover on the daily charts, and a move below the 20 day moving average on the hourly. I do not expect this to be a massive move towards the downside, but I expect to see the market probe some of the levels below 8200.
IGL is moving up with strong upside, most likely it'll touch minimum TGT of 960
There is clean resistance Break on MCLEODRUSS along with divergence. A good upside can be expected ahead.
On monthly chart there is good breakout on Atlas. Looks like it is ready for long term investment. Conservative TGT can be assumed as 622 but trailing SL is recommended
Tata Steel prices may form "Symmetrical Triangle" which could take prices to trade higher till 425-430 by next month. prices may take immediate support near 375-370. Price have also form "Bullish Divergence" which also supports the prior view.
Axis bank, Price in axis bank has been falling since 640 or levels and corrected almost 30% from its recent peak. prices may trade higher till 540-570 but only after trading and sustaining above 460 with immediate stop loss of 420.