Daily TF is making higher lows signaling
an upside momentum, some demand should show up in volume..
But one has to wait and see if it gives a
breakout and move side ways or move up.
Avg days for a move of 70rs has taken 50days.
if its bullish it has to reach 290 level in another
Nifty has struggled this week to gain potential. But now if you observe Head & Shoulder pattern is going to formed with nested pennant structure. As you can see It made a new higher-low but closed above the demand zone. Either it sustain or break but in both cases it going to bounce from yellow dotted volatility demand zone.
Points to be Note (Technical +...
Apollo Tyre has good fundamental and staying strong with NIFTY. Short term target for the stock is market.
the CMP is squeezing which indicates a good uptrend in the stock.
the delivery in stock is only 20% that is a concern for not expecting much in the stock.
Apollo Tyres reported a 270.5% year-on-year (y-o-y) increase in consolidated net profit...
After completing its pullback towards the daily time frame Kijun support it has reversed and appears to have a given a breakout in hourly time frame. If it holds above 574 it could continue its rally till 675 with a minor resistance at 625.
Nifty Mid cap Index has been in Downtrend from January 2018. Many Midcaps have recovered with a V shape recovery. They are facing a short term resistance which if it clears, they will continue to rise to previous high. Hence hold on to your Mid caps and keep adding more once the breakout happens.
Overall Mid caps are healthier because of their attractive...
This pattern appears to show a channel on the down trend. The prices have been consecutively making lower lows and higher highs. Which means that the general trend is downwards.
Short @ 384
SL @ 388.6
T @ 372.85
Strategy fails if the upper trendline is broken.
CHOLAFIN IS NEAR 38.2% RETRACEMENT LEVEL FROM ITS HIGHS OF 348 BREAKING OF 216 ON CLOSING BASIS CAN LEAD ITS REALLY TO 235-40 ELSE IF 194 BREAKS ON CLOSING BASIS WE MAY SEE 175-70 LEVELS SIMPLE AS THAT...