Gujarat Fluorochem may start fall from this region.. Reason 1: It is showing negative divergance in daily charts which indicates for being cautious.. Reason 2 : In weekly charts it is Highly overbought (RSI 80) which confirms it may go downwards... Its Targets are : Target 1 : 770 Target 2 : 760 Target 3 : 750 SL : 788 Note: Do your own study...
DCB Bank has eclipsed its all time high that it reached back in late 2007 when the GFC unfolded. The stock gave a return of 70% in the last 3 months alone to its rewarding shareholders with many expecting for it to go even higher from here. 3 Months back one can argue that the stock might be undervalued but the rate of increase at this pace would have made most...
The stock has shown good movement in last week and is nearing oversold we may see a momentary correction for 260 levels. Markets near lifetime high and sharp correction seen in Bank Nifty may also pull down the share. Long term 300 targets intact.
Nifty has reached at interesting level as per Action/Reaction method taught by Andrews. A price reaction is expected at this level. Although the market seems to be in strong bull grip but I would be very cautious in taking fresh long trade now and start looking for shorting opportunities. RSI is also in extreme overbought zone confirming the view. Friend can watch...
There is a possibility to trade Broadening top pattern. RSI is forming divergence also confirming weakness in the stock. Shorting now with Stop Loss just above the high made recently.