In daily, price bounced from horizontal support, sl - 400, 1st tgt - 460+ also in weekly, hidden bullish divergence is seen, means uptrend should continue.
in weekly, it is in ascending channel, price bounced from channel support, moving up now, in daily, regular bullish divergence formed at channel support, Also in longer time frame, it can touch previous all time high level, sl - 830, 1st tgt - 940, 2nd tgt - 1040
In monthly, it has formed a round bottom pattern, and breakout happened with high volume, now it is retesting the breakout level, in weekly, it is bounced from trend line support and hidden bullish divergence is formed here, also in daily, after a downtrend, trend line resistance broken with good volume and regular bullish divergence is formed also with a...
In daily, price bounced with good volume after testing the support level, also hidden bullish divergence formed here, with sl - 205, tgt - 280
IDBI Bank Closing Price 60.70 The stock has potential either side... Bullish case Probability of further upside increases if stock closes above 62.20 T1 66.20 T2 70.30 SL if closing is below 58.60 Bearish case Probability of more down fall increases if closing is below 58.60 T1 56.50 T2 54.5 SL if closing is above 62.20 Will be keeping a close watch...
PNB is @ 61.8% FIB level and also near 50 SMA. Downside looks limited.
CANBK has taken support near 61.8% FIB level of 360 & also 50-Day MA is @ 355. Looks like downside has been capped.
BAJFINANCE is looking weak on daily chart and has formed double top pattern. 1713 is support trendline, if broken then stock can slide further down.
In daily, after a short term correction, price took reversed at horizontal support and started moving up, hidden bullish divergence also seen here. sl - 358, 1st tgt - 490, 2nd tgt - 540.
Marico just bounced from its 365 EMA support. Hope it will honour the earlier trend. The trade setup would be Buy : 307 to 310 target 1 : 316 target 2 : 336 CBSL : 301
In weekly, price bounced from ascending channel support, also hidden bullish divergence seen sl - 766, tgt1 - 894, tgt2 - 940
in daily, price bounced from the support zone, also hidden bullish divergence is seen here. sl - 52, tgt1 - 60, tgt2 - 70
In longer time frame it is in established uptrend. In weekly , price at ascending channel support. In daily regular bullish divergence is seen with a sl - 730, 1st tgt - 950, 2nd tgt - 1050
PIDILITIND has formed rounding top formation on a daily chart and is currently at important support level of 775.
Very simple setup one can trade to make fast profit. The Stock has formed a bullish Doji Star pattern at a good support line so one can take chance with Stop Loss just below the 560 level on closing basis. We can expect a target of 625.
Type of Trade = Aggressive buy Why Aggressive? 1) CC' = YY' already complete (see labels on chart); 2) XAB to BCY' is a 61 bar cycle, which is also complete; 3) Stock reversing from the above two price and time levels. Why buy then? 1) The bat pattern will complete at around 574 PRZ; 2) There seems to be one more wave left which could take the stock as...
ICICIBANK has taken support near 264 which is its earlier resistance area and has formed morning star pattern. It needs to close above 272 for confirmation for trend reversal. It it sustains above 272, then 300 looks possible. Below 264, pattern failure.
In weekly, hammer formed at horizontal support. In daily, regular bullish divergence is seen. sl - 1126 tgt - 1400