Atul ltd looks strong bearish due to price and RSI making a negative divergence.
Another reason is supply and demand.
Both technical and fundamental reason is too weak to support this.
- JBCHEPHARM formed an IH&S pattern in continuation Bullish Run.
- Usually this pattern occurs when market bleeds and shows the reversal signs.
- This pattern can formed in continuation rally, which shows the momentum is good with the stock.
- I'm adding some buy bid here and laddering them till the neck line.
- Keeping stop loss below the formed shoulder and...
- ACC Cement is forming a reversal pattern.
- This pattern is ADAM & EVEN Pattern.
- For any pattern formation there neckline plays very important role because that level decides that the pattern is going to play out or not.
- Will Buy once it closes above the highlighted zone which is neckline and breakout confirmation.
- TARGET = Height of ADAM from neckline.
-...
Mother son sumi has fall almost 90% from top.
The company fundamental is still strong and it wll be.
Short term impact has destroyed the price in past 2 year.
Target only for our paid members.
Keep sl below 47
Alert!... Bajaj finance making continuous
Lower low as well as a negative divergence in stock price.
We can see the level of 1000 or below in coming 6 month.
Any pull back will be a bear trap so don't buy it unless price got settled.
Dmart forming continues negative Divergence.
Price will start falling if it can't hold the high if 2500-2400.
Trade with stop loss.
Once close below 1700 it will easily fall to 1000 or much lower level.
SENSEX Recession Chart Bear Market Layout - Elliot Wave
Corona Virus has affected us and Economy a lot which I think will surely lead to a Recession,
As in 2008 recession, Market had 63 % decline from ATH which lead to housing market crash.
I think the same will happen again for next 2 years. Good buying level to enter the market for long term is around 21000...
bosch is near the downtrend trendline support line there are two possibilities it can break the trendline and t=entered in the channel or touch the trendline and fall after retest.
further analysis will be posted after watching how its performed near the trendline for more future info follow. I will update after getting more info on the chart.
During the 2007-2009 recession, INDUSIND BANK lost stock price lost 80% of its value.
Currently, the share is down 88% from its ALL-TIME HIGHS.
Things will get a little bad for both the economy and the stock market before they start getting better. But, we shouldn't overlook the highly oversold banking stocks.
Create a plan to add small chunks of banking...
Tata Motors is now in the Buy Zone. I have already bought 500 shares at 66 and I plan to keep buying all the way till 25 if it drops there.
My first target will be at 140 which is at the top of the short-term price channel.
My next target is at 280, which happens to be the previous support turned resistance.
And my final target is 600. I expect 3-6 years...
I could be wrong, but something tells me that this Uptick is not the Reversal that we are looking for.
Going Short with lesser lots. Will Sell on peaks.
In 2008 crash BSE Sensex dipped approximately 63%. If it happens again going by the ever increasing corona virus numbers, we might end up near 15500. Just a thought.
