LOOK IN THE CHART
IT FEELS THAT IT has still a good upside left !
Stock has bounced back from weekly support level. RR looks favorable now. Stock is weak below support level on closing basis.
No specific chart pattern is seen(atleast i am not able to notice) will trade according to support resistance and PA.
HDIL (NSE) for some time is trending in a rectangle and currently at a very strong support zone. It seems to be bouncing off it. It a good opportunity to go long. I am waiting for 1 day candle to close above 52. RSI shows a reversal however MACD is yet to cross over. Three things to keep a note of- 1 day candle closes above 52. MACD crossing over RSI showing...
Range consolidation has been happening in the past 4-5 month, which was breached. The breach was tested again and found a support at consolidation trend line. Currently, hovering in Breakout/Reversal Zone (defined by nearest pivot at those levels) If breakout, the next immediate target could be next pivot at 218. If reversal, the consolidation trend line might be...
Trend Channel was breached and the market tested the channel support again. Support worked well, possibly indicating an upward movement
The stock has a multiyear support at 24 which will form the base for the next rally if Nifty is in uptrend if this support is broken the next support will be at 20 levels. Once can accumulate the stock for long terms and keep adding on dips the stock is in strong uptrend and has good potential owing to its exposure to Patanjali which is doing too good.
GODFRYPHLP has been consolidating between 950 &1000 range for past three months and has now given trendline breakout above 993. It has a strong support around 950-960. If it closes above 993, then it can test 1100-1150
Adani Ports CMP 408 The stock can be looked at cmp and on dips towards 365 T1 440 T2 560 Stop loss if goes and sustains below 358 on a weekly closing basis Take care & safe trading...!!!
Based on Support; Trade has already started, Can book at different FIB levels.
in monthly, price bounced from ascending channel support, also hidden bullish divergence seen here, in daily, price making higher and higher low, closed above upper BB and BB is expanding - sign of bullishness sl - 630, 1st tgt - 930, 2nd tgt - 1000.
in weekly, price at trend line support, also hidden bullish divergence seen here, with sl - 220, tgt - 280
In weekly, price bounced from trend line support, also it is making higher high and higher low. in daily price at horizontal support sl - 2475, 1st tgt - 2750
as maruti has already rallied enough ..and now struggling a bit to sustain at high levels ..i expect a good fall and retest lower levels ...lets wait and watch!
In weekly, price at horizontal support as well as trend line support. Also regular bullish divergence seen in daily sl - 256 tgt1 - 290 tgt2 - 318