Bullish momentum favours the Aussie and we should see prices head higher from here on and further!
If we get a new higher low that would be a perfect entry for us to enter long all the way to the minor resistance levels at 0.72118
NSE: Kotak Bank Possible Long for resistance break above 1268
From High of 1408 on July 19 to Low of 1133 on Sept 28
Pull back is in progress with triangle pattern
Today closed above 61.8 retracement level from 1408 fall.
Level 1268 looks like resistance.
Possible Long for resistance break to take 1321 level,
Further break above triangle can touch 1400...
NSE: HDFC Bank Possible Long for 2218
HDFC Bank 1 year trend position and continue on long side
Pullback from 1892 level continue
Stock is hovering around 2136 level and making attempt to break resistance
Break out above 2136 resistance triangle looks possible
Possible long at current level with stop loss 2071 and target 2218 +
2071 seems to be a strong support...
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...
First target 10700 if wont sustain it back to test 10200 to 10100 levels
if break 10700 level then very fast reach at 11200 and again back to pavilion 10000 and more downside possible if reject from 11200