By looking at daily chart shows a lot more clear vision of next moment for investors activities. The price is trading between value high to control price 1.
Scenario 1:
If the price starts to fall then the next target will be at previous resistance in 8595 and the gravitating target can be easy 8400.
Scenario 2:
Lagging or late fall then price can move up for...
Hindalco is just getting rejcted from the above trend line again and again, and getting support on below trend line....
Looking at current scenario it is clearly directing that price may go down till 185-190 regions ...
Tgts are : 196/192/188
SL 201
Hopefully, we may see price reversal at 185 , if that not happen we may see further more down side...
Note:...
The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
No need to worry if the short wave is up, finally if it’s up then it will not break 12072 below.
But since today, nifty has taken resistance as the previous R.
We will think short side only trade below 12070 below for spot level
Moving In Channel.
Taken Support of Channel Bottom & Bounced.
RSI Double Bottom Divergence.
Other Details Mentioned In Chart.
Risk Reward Favourable.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Moving In Channel.
At Resistance of Channel.
Other Details Mentioned In Chart.
Close Below 231 More Downside Visible.
Will Review Near Targets.
Positional View For Other Details Mentioned In Chart.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Price had fallen out of rising channel.
Stock price is back in the channel with rising volumes.
For Stop loss of 408 , this stock can be bought for a target price of 460.
The target has upside of 10 % and our stop loss is 2.77% from the current price.
Risk reward for this trade is 1:5
Price is bullish as long as it sustain the level 11860 - 11880 for the targets 11920. 11960. 12040, 12100 and 12140. Bearish below 11840 for the targets 11800, 11740, 11680 and 11600.
Escorts has fully participated in the Auto rally and has risen nearly 55 % from the lows.
Price is still in downward channel and is facing resistance at the top of channel.
Expecting price to drop down to 600 levels .
This stock is a SELL.
STOP LOSS :- 673
NOTE :-
None of my analysis should be considered a recommendation , it is purely my view on...
Taken Support & Bounced With Volume.
RSI Hidden Divergence.
Risk Reward Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
SHORT BELOW 487
VOLUME SHOWS SELLING PRESSURE
DESCENDING TRIANGLE BREAKOUT WITH CHANNEL FORMATION
LOWER SIDE OF CHANNEL CAN ACT AS SUPPORT AFTER BREAKOUT
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