18/09/2019 ALSO COMMENT IF I AM WRONG PLEASE...
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TECHM:- short term Resistance around 734-735 & Short term support around 675-670...
Intraday Range 720-722 upside & downside 700-704..
NSE:BPCL Stock was one of the top gainers in pre-market.
The Price on daily chart has formed morning star candlestick pattern which is a bullish reversal candle and it has also formed a falling wedge pattern which is a bullish reversal pattern. we can expect spikes in buying volume in the the share price of BPCL.
**for study purpose only**
Stock can test level of 0.330 in coming days after breaking major support of 0.345.
Also MACD indicator pointing downward trend with trading below signal line.
Stock facing immediate resistance around 0.370 as per price rejection around this level clearly visible.
Genting Sing (G13) stock tested rising trend line around 0.960 level.
Stock can rise above 1.05.
As per moving averages trading sideways
can be also one indicator that stock going to trade side ways quite some time but give upside breakout after recent higher high formation.
Stock Breakout above channel on weekly chart.Also trading above key moving averages.
After Breakout stock keep trading sideways for two weeks with in inside bar. If stock break above 0.610 further move on higher side expected with price target of 0.650.
Capitulation of volume inside channel also high.