BALKRISHNAINDS taking resistance from the same point from it was taking support earlier. Have a look on the coming days on how it reacts on the resistance line. Immediate target is 1850 and above. ONLY for Educational purpose.
Price following a simple trend which moves the price higher and higher on each fall as shown in the picture. This time price breaches the trend and made a Lower Low and again moves up as per the trend.
Since price breaks the actual trend one should wait for the price to reach 350 and decide.
If you find my analysis helpful . . . . . Please show your support...
take a look at this chart of adani ports.
Adani Ports has been consolidating in a ascending triangle for 2 months and gave BO at 23rd Nov.
also breakout from the purple trendline and the first yellow resistance.
let's see if this breaks the 2nd resistance at 420-421 levels and if this breaks then will give a big move.
check my other ideas to get to...
Havells broke out with good volume today.
The resistance of level 586 should act as support if market supports it.
You should exit your position once scrip closes below 586.
The target levels have been mentioned clearly in the chart above.
Thus, from current price if there is loss then it would be ~2% (597-586 / 586)
and targets are 8.9%, 11.01%, 15.97%, 21%...
currently bearish , looks weak ahead , can form low higher pattern from here
Currently add some valuable stock in the watchlist for the long term , wait for the reversal then invest. Avoid fresh buying.
Good test of the resistance level.
ICICIBANK likely to go down from here.
STOPLOSS - Little above the resistance are
TARGET - If the move is slow, wait to run for some sessions but if the move is very quick, beware of sharp reversals
This is daily chart of BEML on NSE (INDIA) with CMP @ 700.45. It seems to be a good shorting opportunity based on following observations:
1. It is downtrend and price is still trading below SMA200/SMA100.
2. A trendline drawn on the chart shows resistances where price rejections are shown by arrow. Now again, price has tested this trendline and also SMA100 and...