Sri-pipes, weekly chart indicating a good movement ahead above 356 levels RSI gave a TL breakout. P.S, this co has decent fundamentals. :-)
Looks like a pennant formation to me...heading to a new high ?? Invite views from others with targets.
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
weekly chart indicates the price taking support at lower trendline Can it bounce from this support? RSI also forming a base.
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
Dish tv-hourly chart indicating a rising wedge pattern. can it be shorted for a target of 85.1? with stops @ 88.15 a risk reward ratio of 2.3
Yes Bank-hourly the stock is trending up so are the moving averages looking at the daily chart the stock is at a TL resistance and 233 DEMA 1255 need to be crossed once crossing the stock can reach the gap zone of 1275-1288 levels. Also note the buying volume and the white candle right next to the black candle showing the strength of bulls
Torrent pharma-hourly chart indicates a rising wedge pattern. Can the stock fall out of this rising wedge pattern as the buying volumes have dried up after the huge selling volume
Vedanta Weekly at a critical resistance Earlier it has crossed this resistance was it a false breakout or or now a pullback has been done now?
Price forming Higher highs and higher lows There is a gap filling opportunity near 930 levels which is also .382 fib retracement of the prev high Can we long for a target of 930 with SL @ 894
Tata Elxsi-hourly chart indicates that price is trying to move above the falling Trendline Also RSI doesnt show any weakness can it reach the levels of 1406 with stops @1353
Amara Raja batteries-hourl y chart indicates,the price has formed a symmetrical triangle . Past few trading sessions it has fallen out of the triangle and further it took support at 872 level s. if it f ails to breach the 900 zone again, we may consider shorting it .
Stock approaching the previous important support zone. The prices are decreasing but the corresponding RSI showing higher strength. Can it be longed once it crosses the immediate resistance?
Strategy:One can go short when price touches the above slant trend line..As RSI value was much differ when price touches 1 trend line it shows Jet is bearish.Also the channel is also bearish.One can set target up to 2 trend line. Please don't trade as I am in learning stage.Traders can give their expert comments.