According to news,
Cement prices expected to rise further on rising raw material cost
SO KEEP EYE ON CEMENTS STOCKS,
ACC CEMENT FOR BUYING ABOVE 2239,
ONLY BUY IF GIVES BREAKOUT ABOVE EXPECTED LEVEL..
Trade On Side of Market And if you find that trend is week then you can exit before target.
Do Your Own Study Before Taking Any Decision All These...
* Overall market was trading near the monthly support zone. and also market broken the demand zone in weekly time frame.
* In day tf, market reach all fib extension levels, possible to retracement happen or continue the trend. but, market start the retracement and also continue the down trend.
* How i identify the retracement completed?
I'm looking for shorts in Nifty 50, Price now approaching Bearish OB which there in Premium Zone, hence i expect potential bearish move in NIfty50.... This is just my analysis, price can do whatever it want, we have to be flexible according to Price moves also always look for LTF BOS to the downside as a confirmation before taking trade at Bearish OB
As per 5 Year chart view, Escorts is in downtrend for past 1 year. I expect Escorts will continue its downtrend for long. I have mentioned resistance line in chart and Target 1 will be @ 500 zone. Once it Break next target 2 will be announced soon.
(-)ve diversion on RSI chart indicates some more selling will follow . Expect it to settle it by 169-165 before some fresh move . This small correction will also complete the 50% retracement of the current move which it had 89 to 219 levels.
DCB Bank is getting prepared for making a good triangle break....
and RSI Negative divergance is a good indication...
One should get ready to sell DCB Bank below 190
with the targets of 185/180/170 and SL 195
Note: This Idea is published before also but haven't mentioned negative divergance
Do your own study before making any position...