This Auto Ancillary stock has been under consolidation for a while. But technical indicators shows strength for a run. Further, it has been taking support at the 200 DEMA. One can buy at Rs. 61.45 with a target of Rs. 65.80 and closing above could run to Rs. 67.80. Keep Stop Loss of Rs. 58.69.
So well NIFTY is currently trading at 20068 points with
-BIG Support levels at
1.19207.75
2.18832.75
-Resistance levels at
1.19877
2.19983
3.20228
The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983.
Now looking at the RSI...
In a falling market, an investor is benefitted the most by averaging at lower prices. However, emotions can ruin the decision making and the investor can end up losing the opportunity.
The algo which i have written (link shared below) works best in a falling market as every candle it checks if the low is below previous low and then buys. So the average buying...
Why NYKAA Looks Good?
In the recent price action, we have observed a notable bullish trend as the price has surpassed the level it was trading at 10 bars ago. This upward momentum indicates a positive market sentiment and suggests the potential for further price increases.
Furthermore, we have also noticed a significant development in the price crossing...
Correction type ZigZag
Ashok leyand gap open down 3rd wave and stock complete 4rd wave bounce and again go down side 5th wave not buy this stock this place
The public sector stocks are always an attractive pick. But with a great technical setup, it can be a good buy choice. The below is the analysis for GAIL India.
1. The trend formed is not exactly a wedge, it is like an inverted triangle. The high points were touched 4 times, thus establishing the upper resistance and rise in trend. Similarly there were higher-lows...
Expecting good upmove in counter from current levels
bullish study,, indicator are giving signs of trend reversal
atleast 5-7% upmove expected
Good long candidate
