INDUSTOWER was hovering around its old trendline support for the last few sessions and has finally given a decent upside move. Is it reversing from this support? Perhaps. Time to start building long position. Further longs can be added once we get a retracement followed by continuation.
Avoid long position or swing position
Try to short (downtrend & correction not yet done in the weekly chart)
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Can go long on ITC, it has created higher highs and lower highs for a good time. now it is coming towards the support zone. if it sustains the 173-176 zone and shows any reversal, can go long till it reaches the targets mentioned in the chart. (educational purpose)
Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth...
Karnataka bank CHART HAS COMPLETED ITS Bearish BAT pattern NOW TIME FOR REVERSAL.
I am not expert in this kind of chart ,this is my first attempt may be expert can guide/comment.
Your comments and Guidance welcome
LICHSGFIN has a presence of Divergences at Support level with good candlestick pattern and buying volume on Daily chart.
Stop loss looks like at 590.
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There were two important points which I mentioned in my earlier longer term views on Nifty >>
1) I said that there are good chances that market could reverse from 10036. Why I said that? See the following post >>>>
Market extended a little further upto...