Priceaction is trending out of the channel. Resistance is seen at 10240. On breaking the resistance, price will move towards 10320. 10100 will act as support now. On breaking the support price will move towards 9990.
CHOLAFIN is moving in the channel for a while, currently in the breakout/reversal zone After a huge leg up yesterday, it may flag and break.
It has been observed on the daily and weekly chart that the price action corrected heavily from the high levels and now reached to the previous resistance which now acting as strong support zone. Now, it showed strength on the support zone which is indicating that buyers are coming and taking control over price action and shall further resume the previous...
Nifty as per view dated 30.09.3017, achieved all targets on long side. Now Nifty moving in channel. Tripple Top Formation. Details Mentioned in Chart. I am not a SEBI Registered Financial Advisor.
On Weekly Chart Moving In a Channel. Can Test 199/209/219, Support @ 151-145. Investment View. I am not SEBI Registered Financial Advisor.
Priceaction is facing resistance at 24720 - 24740 level. On breaking it, price will move towards 25000. On the other hand price will move towards 24460 for support.
ASIANPAINT is moving between sup/resistance Currently right on the level of breakdown / reversal to the next level.
BPCL has been moving in an up channel for over an year. Median acting as a good indicator of crossover to the other half. CUrrently its testing the median, for a breakout into upper half or a reversal.
The Tata Group has agreed to sell its mobile business to Bharti Airtel for free was the news boiling beneath the surface & visualised on 2nd Oct2017 in the previous update. Unfortunately, update was closed@373. Zone of 375 -377 was the key zone & suggested that any move above that zone should be keenly watched for possible bounce back 395 - 400 -407 resulting...
In daily, price bounced from ascending channel support, with the formation of bullish piercing line. Also hidden bullish divergence formed here.
in daily, price bounced from ascending channel support after forming hammer. hidden bullish divergence seen here sl - 579, tgt1 - 645, tgt2 - 680
If Nifty Holds above 9900 - Avoid Selling as updated in previous update - Nifty Travelled 10034 as of 10th Oct2017. We are having deep crab bearish harmonic at 10034 - Likely Bulls should book profit & look to sell in 10010-10025 with stops above 10075. There is a wedge pattern which is forming on both indices Nifty & Bank Nifty & have been chopping upside for...
RAYMOND is moving in an up channel for a while, now making a wedge on the upper part of the channel. EIther breaking out of the channel or breaking down the rising wedge.
Chennai Petro is at support of channel. Buy @ CMP. Tgts./SL Mentioned in Chart. I am not a SEBI Registered Financial Advisor.
On Weekly Chart. Symmetrical Triangle Break Out of Long Time. Support @ Channel Lower Line. Fundamentally Good Company. Data From Internet. Book Value : Rs. 551.00 P/E : 11.6. Entry Till 351. Time Frame 1 Year. I am not SEBI Registered Financial Advisor.
In daily, price broke out of descending channel with good volume, also price is pushing above upper BB, and BB is expanding, sign of bullishness. 1st tgt - 245, 2nd tgt - 257 final tgt - 270 sl - 203
Amara Raja Batteries Last closing Price 690.55 Observations - In downtrend since May 2017 - RSI in Oversold region - Channel support around 674 - Inverted umbrella (also known as gravestone doji) observed in prevailing down trend with high volumes ____________________________________________ Risk to reward ratio looks good to go long with Target...
Range break on upside Long Entry - 24220 Target - 24375 Stop loss - 24110 Range break on downside Short Entry - 24030 Target - 23880 Stop loss - 24110