Existing Supertrend signals changed to Channel , so we will get idea of resistance as per ATR when signal is Long in supertrend and Support when Supertrend signal is short This system created for study purpose and buying or selling as per this not suggested Thank you
Multiple Resistance Faced for Castrol
Current Resistance level at 409 Made higher bottom with Hammer and Next candle is Green High Entry = 376 Target1 = 409 SL = 360
IT FEELS THAT IT has still a good upside left !
Clearly divergence in MACD and RSI are telling the forthcoming weakness that too at the level of multiple resistance so one can take chance by shorting the stock. STOP LOSS Little above the recent high. Just to mention that divergence at the top are relatively tricky comparing to formed at bottom.
levels mentioned on the chart our profit 2 times more than our risk, this trade going to be long term trade.
Levels were mentioned on the chart its going to be a long term trade our profit level 2 times more than our risk
IGPL has been consolidating for the past three months between 700-800 zone. It has given breakout today above 795-800.
YESBANK has a strong resistance around 318. The stock consolidated in a 20-point range after fall from 52-week high. Looks like it has made base around 300-305 and is on the verge of breakout above 318. Stock is also near 50 SMA which will act as a resistance & if it manages to close above it, then it will likely resume uptrend.
LOOK IN THE CHART LETS TIME THE MARKET SHORT ONLY IF THE CLOSE IS BELOW 920
posting it because someone asked me to do so on twitter!!!! let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ... i can be wrong!
Consolidation breakout above 984 in GODREJCP.