The stock has been rejected 4 times from supply zone and has formed a small double top pattern, We can expect a small Correction.
Targets are Mentioned.
Take entry as per your analysis as these are my independent views.
Heromotoco is trading in a parallel channel.
It has already taken its resistance and follow down price, this stock is bearish. It is still expected to move further down till 2586.
The low volume is telling that the stock will continue to move in its direction or there will be a price rotation and less fluctuation.
Though if the price cross 2712, stock will be bullish.
Axis Bank has taken support at the Gap, and if there is any further bearish movement than it might fill the gaps also.
Gap trading is very volatile so after entering keep your SL tight and trail for max. profits.
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RSI DIVERGENCE WITH BEARISH ENGULFING PATTERN CONFIRMING A TOP SIGNALING BEARS MAY TAKE CONTROL FROM HERE AND WE MAY SAY A GOOD DOWNWARD RALLY.
APPOLO HOSPITAL SELL AT 1735 STOP-LOSS AT 1810 TARGET 1580
TCS can be sold on closed below 2240 levels. TCS has broken upward trend line and trading below 20SMA in 30 min charts.
It has also formed lower high pattern which indicates continuation of down trend.
Conservative traders can wait for Sell confirmation below 2215 levels
Reliance has given a good downwards momentum we also expect to continue this downtrend on 30/july as well
on a good downwards push if drops below support 2080
Or else might see an upside momentum towards resistance