POSITIONAL LONG IN ITC
-STRONG REVERSAL FROM MAJOR SUPPORT LEVEL
-RSI REVERSAL FROM OVERBROUGHT ZONE
-POSITIVE MOMENTUM IN STOCK
POSITIONAL TRADE IN PNB
:-WEEKILY TRENDLINE IS ABOUT TO BE BROKEN
:-MOMENTUM GAIN IN RSI
:-POSITIVE CROSSOVER ON MACD
:-ABOUT TO BREAK ITS 20-WEEKLY -EMA
TRADE IN FUTURES NOV CONTRACT
Larsen and Turbo stock has been in a nice and long uptrend for months now.
The stock now has reached the support zone of this uptrend. Its certainly a nice opportunity to make use of reversal from this support zone and enjoy the 'LONG' ride.
Engineers India has been on a down trend since December 2017. This stock has been consolidating for months in the form of a triangle and has now finally broken out. Its certainly worth timing your entry for a SHORT ride.
Vedanta has been in a down trend for about a year and half. This stock has been consolidating in the form of a symmetrical triangle which now appears to be broken. It does look like a good opportunity to join this SHORT ride!
Torrent Power, NSE has been in an uptrend for more than 3 years.
Following this uptrend, the stock has been consolidating for more than a year in the form of a pennant.
The Pennant now appears to be broken significantly!
Its certainly worth checking for the right entry point and then enjoy this LONG ride!
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Gail India has been consolidating from an uptrend for more about 10 months now forming a pennant.
This Pennant has been broken last week. Its certainly worth checking the breakout is sustainable and then join the LONG ride!
V-Guard Industries has been consolidating from an uptrend for more than a year forming a Pennant.
This Pennant now appears to be broken. Its certainly worth waiting for confirmation of this breakout and then enjoy the LONG ride!
Engineers India has been in a down trend since December 2017. After consolidation of several months forming a triangle, the stock finally appears to have broken out today. ITs certainly worth checking this breakout is sustainable and then join the LONG ride!
Stock had underperformed the index since last 10 years and was consolidating between 320-150 range. Finally, stock has given a multiyear channel breakout above its crucial resistance zone of 320-350 with volume. RSI on weekly charts have crossed 60 mark indicating bulls are in power. Weekly closing above 350 mark is indicating that SBIN is getting ready for a...