Infosys took resistance at a very strong pivot point and fell back. The stock is still into down trend and the move up may be classified as a mere pullback. The last bar is a bear bar. A small support is at 694 levels, breaking this will result in sell off and infy may travel down towards 656 zones.
The stock is hovering around an important "institutional area" resistance here with bearish price candles can end Cipla's honeymoon here itself.
BPCL: An important candle formation has been printed on the BPCL daily chart. It’s a bear engulfing candle along with a “double key reversal” action. This is a very prominent signal in shift of control from bulls to bears. Also RSI has taken resistance at 60 levels with a bear divergence, a strong loss of momentum! Any further decline especially below 500 can...
BHEL: In my previous updated i mentioned the range shift fact in the stock. The stock is reattempting breakout from the clouds. In today’s session it created a bullish candle. The macd is turning up while rsi is comfortably above 50 levels. The chikou is free As long as 51 levels are protected the stock is expected to move up in the near term.
RSI DIVERGENCE DUAL TOP loosing strength , can short on bounce of 1/1.5% for 1560/1570 targets
RIL forming lower highs and lower lows after touching high of 1480 RSI trending down and weak volumes. Confirmation of downtrend below 1420.
After witnessing a sharp decline since May this year UPL has managed to stage a slow but steady revival . The daily charts reveal a steady trended action that is seen generating a demand at every pullback. The ascending trendline support suggests that the uptrend is intact and we could see more upside as value area resistance around 600 has been overcome. With the...
Short Tesla for the next two days because RSI is over 70, and following trend patterns, we see Tesla about to hit upper price band. If Tesla hits the upper price band short immediately and it RSI goes above 75, short.
NSE:NIFTY Bullish BAT & Positive Divergence can buy at current levels with SL of 11190
Refer chart.. Suggested based on indicators view. Vijayaraghavan.K, Kovilpatti.
Refer chart.. V formation done and indicators showing positive signals.. So it may increase on upcoming days..
Morning star confirmation, RSI and stocastic is moving from oversold to upside, Bolinger bands showing positive move.
The British pound has fallen to a new monthly trading low against the US dollar as the bearish head and shoulders pattern break is increasing technical selling on the pair. The 1.2880 level is critical support below the 1.2900 level, with the 1.2840 level acting as extended intraday support. GBPUSD bulls need to move price above the 1.2960 level to negate...
The euro currency has fallen to a fresh 2019 trading low against the US dollar, hitting 1.1135, as the greenback continues to surge higher across the board. The technical picture for the EURUSD pair is increasingly bearish, with price now trading below the neckline of the head shoulders pattern. The next major downside target for EURUSD sellers is likely to be the...
Refer chart.. Vijayaraghavan.K, Chennai.
In the medium term, I feel Cipla looks weak and can be shorted with a small stoploss! A trade with a good risk:reward ratio! See the video to know more!