As you can see, PIDILITE INDUSTRIES is at a major support level .
Will it maintain support?
Case - 1: If the price breaks above R1 - Rs. 2370, then we will see an upside in the stock.
Case - 2: If the price breaks above S1 - Rs. 2260, then there will be further downside will be expected.
In such a scenario, the price will fall to S2 - Rs....
THE NATIONAL ALUMINIUM COMPANY has been on a high power bull run,the stock had been making new 52 week highs with the soaring prices of aluminium ores ,the stock has doubled from calender year low ,which clearly shows how the financials have been driven, the bull run has just started in the metal sector with rising demands across all sectors, the balance sheets of...
As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :)
Logic points --
1) On Monthly charts, It has not given a good retracement
2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2
AS PER FIBONACCI ANALYSIS, SILVER CAN GIVE GOOD MOMENTUM IF SUSTAIN ON 68,000 LEVEL,
HOLD IF SUSTAIN ON 68
BULL TGT 69,900
GO SHORT IF BREAK BELOW 67,300
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
EDUCATIONAL PURPOSE ONLY.
Nifty - Technical Analysis:
-Nifty gapped up good today around 11400 and closed at 11378
-Nifty got back in trading range and not move on wither side is possible with a bullish bias
Market - Driving Factors:
-Gains in index heavyweights HDFC twins, Asian Paints and Axis Bank
-Bharti Airtel, ONGC, Tata Steel, HCL Tech and RIL were among the laggards. Of 30 Sensex...
HAL is in a critical zone as if that trend line breaks it will be in a range parallel as that is having greater chance
BUT there can be a upward moving parallel channel if it bounces back and starts to move up
I AM ON NEUTRAL POSITION right now
please tell me in comment section if you find any error and also suggest me which stocks i should analyse
Paper sector is booming due to adversarial move in crude price and long term negative impact of plastic on environment. this was the economical and sentimental change in though of investors, which has caused the price to move in tandem and stronger than nifty. However tenkan kijun and cloud B have become flat and price could be attracted towards it.