RALLIS INDIA as per daily chart pattern analysis iam very surprised to find the stock has not shown any sign of recovery after hitting the support levels and once it breaks 243 level then next support level is at 238 and next is placed at 232 level. I hope tomorrow being bullish the stock should reverse from here and consolidate to move upwards.
As you can see in the previous day's chart, there is a strong support at the level of 240.
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Stock is in downward from last so many days, now the stock reversed from the level of 236 and given the green candle closing.
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Tomorrow stock will retest 240 level, if stock goes above 242 you can buy this trade.
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What's your view on this comment below in the box.
There is a strong resistance of 840, stock two times reverse from this level,
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And then recovered in a v shaped now again today touched the level and made the breakout candle,
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So tomorrow if share goes above 840, we can buy this trade.
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What's your view on this comment below in the box
Everyday Nifty is making higher high and higher lows.
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Very soon or maybe tomorrow we can see the level of 16000.
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If Nifty break 15950 then next level will be 16000.
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If Nifty reverse then it will take support from 15870-15880.
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Gapup or gapdown is exceptional trade accordingly.
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What's your view on this comment below in the box.
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
Long term reverse H&S formation completed in ERIS LIFE SCIENCE. Breakout of neckline is confirmed with increased volume. Potential 200 points upside. CMP 576.10. Support zone 570-550. SL 520. Long term investment.
Kotak is making Higher Lows While a combo of Several Oscillators are making Lower Lows . So A hidden BUT Powerful Divergence is Spotted here . I have invested a very small amount.. A few Candles and Volumes will guide us Tomorrow Morning.
Price has broken out of the channel but got rejected immediately at the resistance and closed below the channel. It looks like a good trade able Wash and Rinse setup. One can short the stock if the recently made is affordable and can expect the target around lower boundary of the channel. It offers reasonable reward to risk being taken.
RCOM price movement are forming a beautiful upward channel. Today's touch at lower boundary offers a good opportunity to go long at this level. Low of last swing would be a good protection so could be used as a Stop loss. It offers a good possibility to reach the upper end.
