Nifty reversed after touching the resistance level trendline.
RSI at its higher end.
Formed a Bearish Engulfing pattern today.
Per derivative data, we can see unwinding in 10500,10600 and 10700 puts indicating exits by put writters.
It has been observed that Bank of India is near its support zone where it has recently taken support several times. Also, RSI is approaching its support level. Reversal from these levels shall take it to 185. SL - 166
As per long term prospectus Nifty chart showing long term break out and according to my view long term target is 11000.. Head and Shoulder pattern and Triangle breakout can seen on the chart..Kindly share your view as well..Thanks
On daily chart pidilite is making reverse head and shoulders pattern.
It is on the verge of giving break out. As soon as we get breakout, can go long.
Expected breakout at 725 level, then can go target of 750 & 780.
Tata motors-4 hour chart. Due to poor results the stock tanked.
But the stock taking on the fib levels from the prev high.
RSI also indicating oversold conditions and divergence as well
Can it bounce back again,
Tomorrows price action to decide
HPCL-hourly chart indicating a rising wedge pattern
Also RSI showing a negative divergence
Can the stock be shorted for a target of 479 levels and further target of 470 levels where there is a gap available