Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action...
A clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW)
Entry: CMP (860-861)
Target 1: 918
Target 2: 972
STOP LOSS: 802 (Closing...
M&M is reject the upper side resistance and come to down uper side resistance is 520.60 and sell below today low 492.50 then stop loss is 498 and #target is 484-478-460. Only #upperside hope is only above 520.60 if cross the buy and stop loss is 513 then target is 530-536-550+.
Acc Facing Hurdle Near Reesistance Price 1750 Revers From Channle Range Major Resistance Line Now Running #ACC Strrong #BEARISH Divergance Directional View Rsi Clearly Showing Down Trend or Price Going Up Unexpacted. Overall Midium Term Trend Is Down For Support Test 1350.
@Disclimer:- Make Own Research Before Take Action in Recos This Post only For Education...
The value of 60.5 resists the crude oil in making higher high.
It has bounced back sharply from the resistance and crossed a critical support as well.
Hence we expect it to retreat and come to support levels of 58.23.
Godrejcp trading near the trendline is facing resistance and can be shorted for lower targets.
Average entry 1283 & 1277
Target 1 1755
Target 2 1707
Reward min 70
Reward max 118
ROR1min 1.3 At first part book level
ROR2max 2.2 At last target