Igl at support level and in daily demand zone looking bullish. Target should be 410+
Technical Analysis - 1. Falling channel breakout above DZ turned SZ 2. Going from lower range to higher range of rising channel 3. Sustaining above 20EMA & towards 200 EMA 4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup Go long in ONGC by buying CE - 1. ENTRY / TARGET as per spot chart - 139.2 /...
ONGC has posted a solid results this Q1 of FY 22-23 Stock has made higher lows and higher high formations. Successful B/O at 131.6 range of historical resistance after retesting the Point of Confluence which is support of trendline and the B/O resistance turned support. * Dividend announced of INR 3.25/- per equity share 18th Aug Ex -Div Once can enter after...
Currently trading at 13% discount from all time high levels. Reliance (TF=W) : 1. Stock has always respected 50 Weekly Exponential Moving Average 2. Constantly making the structure of HH and HL. Currently made Equal Low. 3. Negative Crossover of 5 and 13 Weekly Exponential Moving Average Reliance (TF=D) : 1. It has made very strong bullish candles on Support...
Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price...
Financial Supports target of 130-150 in mid term. RSI indicating bullish momentum along with MACD also giving bullish signal.
Strong Uptrending price , making HH HL. May break strong resistance at around 128-131, if oil produces from the eastern offshore field (tentative end of June).
Stock had broken the TL and has been able to break the resistance zone as well today after forming Cup and Handle. Looks good for swing if stays above 122 for 1-2 days
BPCL Breaking out of a wedge like pattern; would retest and target the gap covering
Long Mahanagar Gas above 1075 for the Target. Target 1: 1149 Target 2: 1239 Stoploss: 1055