After marking highs near 321, the stock saw a downward corrective move which took the stock to test the levels near 176. It is seen taking support near its 200-wMA and inch higher. Weekly RSI has just moved above the oversold area and this is a positive sign especially when it has done so after marking a minor higher bottom. While On-Balance Volume did not fall...
11:51 Hrs 23rd Aug 2018
Last Price@684
Do not forget to support the author - for their time & efforts taken. Your motivation can do a lot
Day High@688.50
We reached all objectives as decided earlier & touched the zone 678-680- Check Last Public Idea- Double Top Extended at 636 becomes triple top - Selling below 637 for 624 & What a Bounce!
...
The stock gave a breakout on the upside after breaking out from a downward corrective channel. This channel was formed when the stock entered a corrective phase and remained under broad consolidation. Weekly MACD continues to remain in a continuing buy mode. Weekly RSI remains neutral and is seen marking higher bottoms. The stock suffered a classical throwback...
The stock has been under secular uptrend over past two years. Currently highs in the 188-193 zones, the stock has been consolidating in a sideways move over past couple of weeks. The prices have attempted a breakout and is set to assume its up move again. The Weekly MACD has reported a positive crossover and it is now bullish while trading above its signal line. A...
Was the reversal signal based off yesterday's hammer confirmed? On our 1d chart: MACD crossing incoming, potential hitting of our last E Wave mark, low RSI, low MFI, low volume, STOCH RSI near 0.
The stock has remained under corrective decline after marking highs near 345 in the beginning of 2018. After remaining under such falling trajectory for couple of months, it has made attempts to resume its up move after taking support near the 100wMA levels. It ha broken out of a falling trend line but saw minor throwback. The prices ended above the upper...
After many months of a remaining in a broad trading range, the stock is looking for a breakout and this is likely to see the stock testing its previous highs. The prices have broken out from a falling trend line resistance. Presently it is seeing a throwback. The On-Balance Volume – OBV has already market a fresh high which is bullish. It gives confirmation on the...
After marking its peak near 534, the stock remained under falling trajectory under a corrective decline. Over past couple of weeks, it has attempted to form a base in the 410-440 zones. RSI has marked a fresh 14-period high and this is bullish. RSI is also seen breaking out of a pattern formation. Being a lead indicator, price is expected to follow. Daily MACD...
Wipro has been under performing since Jan 2018 while other peers have moved up 20-30%. It is one of the cheapest IT stock. Q4 2018 was bad due to insolvency of 2 of its customer and it had to write off 208 Cr. Growing US economy and Cur ency depreciation will provide tailwind to earnings which will be declared on 20th July.
In last 1-2 weeks stock has recovered...
Time-frame: Daily
Price broke out of EMA 50 and is in pullback mode.
Pin Bar has been formed and looks like it is taking support on EMA 50.
MACD is also confirming up trend.
Looking at the whole pharma space it seems all the stocks will breakout. I am betting on Lupin though. Momentum on MACD & Aroon Indicator both looking very positive on Weekly chart. Get Ready for long & sustainable uptrend in Lupin & even other pharma stocks.
