The left side to the right, each excess have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal the trend.
With TimeCycle analysis, 1st-phase has 43bars and 2nd-phase and 3rd phase till continue.
Turn on your eye on volume, it's reducing.
Prev. Resistance is at ...
IRB
Cmp 147.55
In the current run up we observe the stock having more up days with strong buying and volumes are less when stock is in the red.
- a classic scenario to enter long position especially on dips for medium term
- levels are mentioned in the chart
Take care & safe trading...!!!
DLF
CMP 173.40
The stock looks likely to be at the brink of breaking the minor uptrend channel it has been following.
Levels are mentioned in the chart
Tata Global
CMP 214.60
Tata Global seems to be trading in a downtrend channel.
Given the current setup, the stock may likely fall towards 192-188 zone
216-220 zone could likely act as resistance going forward.
Take care and safe trading...!!!
SBIN
CMP 300.85
The stock has been trading in a channel for quite some time now..
Potential trade opportunity
Channel trade potential
Sell at cmp
Target 295/ 288
SL If closing above 303
Break out trade potential on close above 303
Target 310/318
SL 296.5
Take care and safe trading...!!!
Motherson Sumi
CMP 153
Currently the stock is trading in a channel.
- On the upside 158-163 may act as potential resistance zone
- Below 146 stock chart may indicate further weakness
One may look to sell the stock either on rise towards 160 or once it breaks below 146 for target of 133 / 122
Take care & safe trading...!!!
MGL
CMP 853
We observe a trade pattern here where the stock traded in a channel earlier (highlighted by red colour). And now we see the stock consolidating again in a replica of previous channel.
The idea is to look for buying opportunities near channel bottom, thereby reducing our risk and increasing our reward potential.
If we look at the chart on a longer...
Buy Havells NSE Havells Future Based on coming off Structural Support and upward channel.
Im expecting this to hit the TGT2 Placed at 534.75 before the end of this FNO expiry.
This is just A STUDY / PERSONAL VIEW of the scrip and do not use this information as trading advice.
