Support and Resistance
Nifty at support of 12011 June 06,2019Hi All,
The Nifty is at all time high, in case the Nifty break 12011 on weekly basis can lead to swift correction of 1000 points.
So far it is able to manage the level above it.
Will it be coz of rebound in crude prices or lack of RBI rate cut or some thing else?
Happy investing.
DCB Bank BO at 214 Jun 06, 2019Hi All,
Finally some time back DCB bank gave a breakout at 214 now trading at 239 also its life time high.
The business has been growing at 15-20% per year.
The 200 DMA of the stock was at 146 when it took the support.
In my opinion the stock should move another 40-45Rs from here before facing some correction.
Happy investing.
BREAKOUT?We can see resistance being broken, is it a good time to go long or short. The next day movement will tell all about it
GlenMark : Arrived to Buying Zone!GLENMARK has reached major support zone & Buying may come in So keep watch & look for opportunities
if you have any queries regarding above idea or any other stock feel free to D'M
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NiftyNifty is again inside the channel, breaking on either side will move towards the level mentioned.
ONGC - 4HR TFONGC on the 4hr TF seems to have broken out from a 6 month long resistance level which was tested at least 4 to 5 times for breakout.
Now it is broken on upside and also tested once as support.
Should go up to meet targets in green.
