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...
I have clearly mentioned that 70% chance to up break-out . Exactly happened What I had written but... This break-out can still continue to up move... just wait till.
Price is falling as expected, I hope this is not initiated mov e. If this is an initiated move, then we will see respoinsive move or result to up side move.
More... and More view can help for these type of stock... Personally I want to enter in this stock ... still waiting... what is your think?
SBICARD - listing below the ipo price
The " price rotating " while volume is increasing that will result you big and surge move in single direction . 70% chance is break up and made new high because of above statement. I don't suggest taking any action in this type of uncertain case . Our First target has been achieved of short position :
Low Rs. 33.85 (Support Rs. 33.35 ) Created high Rs. 42.7 on Friday . Little correction in easy target Rs, 43.35 Hope, you enjoyed this analysis:
Below URL has complete trade setup for TATAPOWER , Low of TATAPOWER Today is @33.85