USDINR after reaching its high level range 72.20 is trying to test -- support range of 71.20-71.40
Any break down in any levels may lead to the further down levels of 70.48.
On the Resistance side, it may test 72.53 & 73 levels in the coming days.
Be Cautious with each trade.
1. HDFC is forming an triangle on the top.
2. Triangles are 50-50 they can breakout and breakdown and keep the direction continue.
3. Taking a short trade on the edge of triangle provides you better Risk:Reward Ratio.
4. Mentioned target is small because of a support trendline is coming up there, if it breaks down that trendline in upcoming week than it can go...
THIS STOCK IS NOT IN A DECISION FOR LONG OR SHORT. STOCK IS GOING SIDE WAYS. STRICTLY FOLLOW THESE LEVELS. AFTER BREAKING THIS SUPPORT AND RESISTANCE STOCK CAN GIVE MA MOVE.
COMMENT IF ANY QUERY FOR THE SAME.
Yes Bank the real wealth Destroyer which comes into effect after the corporate governance and NPA issues.
With its mediocre June Quarter Performance stock is all set to make a low.
On Friday, Yes Bank enters below the Half-century zone. The Diamond has started losing its fade. Here's what the technicals has to say..
At the current levels of 48-49. Yes Bank has...
We can see a weekly chart of L&T Infotech, which took support around 1440. It has made the spinning top near support before last to last week and given confirmation of Double Bottom. Now the stock is showing the potential of gain in this weak market. We are looking positional target of 1620-1650-1700-1800. Keep stop-loss below 1435, add your own analysis too.
Pretty interesting to watch this at this level.
The Inversion analysis suggests to go long at 221 with a strict SL placed at 213 for targets towards 226/228/230.
Watch this space for more such ideas !!!
Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline...