DRREDDYS openned with Gap up and broke n line(b ). Selling above line(a) is not bad idea. ATR 182 CMP 3386 with high --> 3386 + 182 = 3568 R Suppose to create tail, then resistance 3455. Steps to sell=: @3434-3466 next @3568
Low 139 and high (182.75 touched target ). Below chart published- : Mar 26th, 2020 42 (points profit in just a week which 30% return) I hope you don't forget this one. You can share your LOVE by giving LIKES -->
PVR Cinemas is a film entertainment public ltd company in India. (You know very younger and trend of younger ) REMARKABLE points are the following: entertainment company the primary trend is an uptrend. up trend from 2013 to 2019 (in continuation) retracement support @903 nearby with 38.2% suppose, if you have seen 750 in price then fall will -64% fall...
Retracement(1) 38.2% at 978 as resistance . Retracement(2) 38.2% for target at 879 neaby is easy. Previous support can turn as the resistance between 1029-996. You have to wait for the level to trade.
As per the channel, two resistance can push the price toward 8515 and 8340. R. 8696 R. 8330 Almost all major resistances and support s are plotted on the chart.
breakdown the control price will result in you more and more fall... Short selling will increase if price raise above 2200
Trend Analysis & Trade Setup !! Follow Chart Instruction. Educational Purpose. Risk Reward: 4-6 times.
Look here two scenarios, 1) rounded downside move toward the main channel OR 2) without breaking narrow channel with up side move with volume rising. This is really confusing for trade so, still, avoid trading without any breakdown.
Control price attraction is the easy target 2083 nearby for short-sellers. Best short-selling points Frist @2221 Second @2255 Thanks all who are supporting my post. Close view:
*A very strong Resistance @ 21200 which made a strong reverse pull candlestick to touch previous day close even surpassing the gap. *A well suited ABCD pattern which is supporting our decision.
Series of tails , means are existed still. Volume with price fallen was existed by investors. Next Support 775 and current support 885 nearby. I suppose to take target downward at 778 nearby shortly. if price fall below 884. Careful for holding this stock below 884...