Until Nifty sustains below 10780 (weekly 100EMA), there is no short opportunity. On the other hand, there is no positive bias in the market to start an upward rally.
At present Nifty is in a volatile sideways zone and it is better to stay out of the market till it closes below 10780 on a weekly basis. Protect your capital and wait for the right opportunity, even...
After 10 weeks of consolidation, Mindtree looks to break down from the range. However, it would be better to wait for a daily close below 964 for confirmation. Noticeable supports are at respective Fibonacci levels and a rising trendline.
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
Greetings friends. I'm excepting the market to reach a level of 567 If it breaks the box. If not, buy and it's target is the previous upper box level. Make sure you catch it. Hope y'll find this useful. G'day guys.
Stock started its upward journey in Dec,16.
The Stock turned out of be a multibagger giving returns of about 468% in just one year.
However from last one year stock has been trading in a range of 200 points ( 640-440 levels).
Hence , a decisive break is needed to see a trending move in the stock, till then wait and watch.