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"" DAILY CHART ""
The stock has already taken its move.
The stock is moving up-direction.
The value is moving higher and chances are it will continue move higher.
Yet the perception is that the market is perhaps at a point where investors should be buying.
Major support level is 1853.
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Cipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume . Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525.
Entry would be mostly around 585 (near to the red line, if...
There is a High Probability that Torrent Pharma will brake its trendline and Trade above its breakout level.
Please find the demand and supply zones for the target and stop loss.
Importance of the lines.
Buy at current level around 2500
Target around 2760 supported by Fibonacci extension
Horizontal lines indicate buying price and targets
Risk management as per your risk appetite (I consider 5%)
1. Trending up as per SMA crossover
2. Monthly and weekly RSI above 60
3. Decent volumes
4. Volatility is high
Simple trade analysis
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This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This opens a...
RELIANCE undoubtedly is a stock that managed to dodge the market carnage and gained significantly in the last two months. However the shorter time frame chart suggests profit booking and this could continue. The stock can find significant resistance near 1530-1570 levels. Upper range of this level can be used a stop loss and any move towards these levels can be...
NIITTECH is looking good as a position trade...Stoploss will be the major demand zone and 1st supply zone as a 1 st target and 2nd major supply zone as a final target.
This is just a bounce in NIITTECH.
Prestige Estate is forming a rounding bottom and looks good for buy. Once Break 187.55 levels can be kept for positional for targets upto 198.
Prestige Buy at 187.5 with SL of 184 targets of 190, 193 and 195 can be achieved in intraday or for positional also.