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%...
A flag breakout and also bullish on weekly setup must take for the positional bet. Can follow on twitter for more updates.
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
SHORT ENTRY POINT 21113.45 AND EXIT POINT 20652.40
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...
Intraday buy above 2645 upside 2700 2720 with suppoer 2620 2625