This is my first view on Eicher motor. After learning from the last 1 year.
In Eicher motor one can go for short for 1 to 2 weeks.
It shows the divergence on the daily candlestick pattern.
target 1:- 18500-18400
target 2:- 17500-17300
target 3:- 16500-16300
correct me if I am wrong.
Any suggestion most welcome
thank you !!!
Sunpharma Overbought RSI
Resistance around 550-580.
On upside we may see
the level of 560 in short term.
Support is around 510-485
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Updated on : 01-Aug-2020 11.00pm
Disclaimer: Only for learning purpose.
The index bounced back today after correcting during the week. As mentioned that the narrow range candles have created value area which will act as resistance in the coming weeks. The weekly candlestick pattern is not very encouraging for bulls. We have an immediate support at 12130 levels, Nifty is expected to hold on to this to maintain the gains. Above this...
HINDUSTAN UNILEVER LIMITED: The stock had a fabulous run in the last few months. In the last few weeks, the stock displayed a loss of momentum and correction occurred. Now the stock took a hit at an important pivot and corrected. The stock has minor support at 1995 – 2000 levels below which there may be a further correction to 1920 levels. However, a move above...
BANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
NIFTY: Daily price action has created a resistance on the chart. Now 12015 (spot) levels will be acting as resistance. The dominant trend is up, the prices are trending above the kumo indicating strength. Momentum has slowed a bit, however it is expected to pick up in the coming sessions if 11820 holds on closing basis. Below 11820 Nifty may drift down 11560...
Larsen & Toubro: The RSI is failing to display any zeal, taking a hit at the 60 levels and turning down, may not be a favorable move for buyers. The gap created post the earnings have been closed. 1425 closing basis may act as a support, beyond this, LT may start to drift lower.
ITC: The RSI has shifted range and held to it after a long time. Overall chart looks good, if Nifty supports the stock may start to scale up soon. The RSI bouncing on 60 is a good sign of buyers presence in the stock. A horizontal supply area is present and ITC is running into it, crossing it and moving ahead will be a good signal.
In continuation of my previous post, there was a concern on the Nifty weekly chart, the RSI on the weekly charts was close to 60 levels. Now the candles on the daily charts in the last two sessions seems to pull breaks on the rally. Though the momentum hasn’t dried up on the daily, the price pattern is giving signs. 11785 is the gap area, a close below this may...
Giving a look at the Nifty weekly chart. The index is moving into gap zone plus RSI is near 60 levels. Though the daily charts don’t display any caution yet, but 60 levels on weekly’s are pressure points. The week is still on, so the analysis will make sense only after the weekly close by Friday. But the exuberance is building up, emotion outburst are generally...
American Airlines Group – AAL has resigtered a fresh breakout from a consolidation zone. The RSI on the daily charts is close to 72 levels, on the daily charts the big white candle closing above the kumo is an indication of strength. Further there is a kumo crossover as well that indicates strength. The stock is expected to move to 35 levels in coming sessions,...
MACD crossover, rsi falling below 75, stock closing below 8, 13 and 21 ema..
It has also reached the Fibonacci level of 78.6% and is likely to reach 50% level
A good stock to short for a target of
TGT 1 - 205
TGT 2 - 200
SL - 223
Get Cautioned!!! Don't Buy AuroPharma At This Level Because It Above 70 RSI (means it is over brought now) So On Lower RSI Below 60 & Buy It Above 828.
Keep The target Of 880 & You can Also Move It When The Stock Price Breaks The Resistance At 883 Price Levels & Stop Loss Below 790 Would Be Better.
& Best Of Luck For The Next Trade!!!