NIFTY IS TRADING AT ALMOST 34-35 PE HIGLY OVER BOUGHT ZONE. RSI ALSO IN OVER BOUGHT NEAR 76. IT SUSTAIN IN EXPECTATION OF US AND INDIAN RELIEF PACKAGE , BUT NOW WHAT NEXT, US ELECTIONS OVER.
LAST HOPE FOR NIFTY IS 13000. AFTER THAT MUCH AWAITED CORRECTION MAY COME . WHICH WILL CORRECT NIFTY UP TO 500-800 POINTS
NIFTY 13000 LEVEL STAND WITH HUGE OI WEEKLY AS WELL...
Simple trend line analysis for Alembic ltd. cleary showing bullish trend so this is a very good buy opportunity.
Buy at - 109
Stop loss - 98
Target - 130
Note:- (only for education purpose and demo trading)
ACC Ltd – Stock Review (Neutral)
ACC Ltd gave a small rally from 940 level, however prices failed to sustain above resistance level of 1216. From last few days, prices are range bound and has been moving in a range of 1101 to 1206. Even today, the stock witnessed selling from its resistance trend line & closed just below it. The overall trend for ACC Ltd still...
NSE:LT is in a downtrend as you can see.
It has given a breakout out of the lines which might just fail.
Short positions can be entered with the pink line as stoploss and blue line below as target.