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.
RAYMOND is at a good technical level. It can give a good move on the upside with a breakout. Target is 1000 and SL should be 750. Let some momentum build up and it should easily touch 950 atleast where slowly profits can be booked.
There is an opportunity of swing trade in Jain Irrigation.
Stoploss: below 79.8.
Reward/Risk Ratio : 14/6 = 2.33.
According to the Fibonacci extension, the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.
HI GUYS SBIN KEEP WATCH FOR BREAKOUT IN BOX
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
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