RCom CMP 21.40 - Trading in a sideways channel - 22.45 is an important resistance level for RCom... - Bullishness only if closing above that level... - Otherwise the stock could be heading back to 18 levels Take care and safe trading...!!!
GSFC CMP 119.3 Observations - 20 day EMA crossing below 50 day EMA - 122-124 important resistance level - 112-108 important support zone - below 115 Head and shoulders pattern starts getting stronger - Probability of the stock going lower increases if it takes out 112-108 levels - Target zone for the pattern 94 / 86 - View gets invalidated if stock...
IOC Observations from the chart - - Made High of 404 on 7-Feb-2017 - Took that level out with a strong gap up (from 397 to 405) on 7-April-2017) - Trading below 405 after almost 3 1/2 months - Also Broken trend line now -20 day EMA & 50 day EMA crossover observed after a very long time Any rise towards 397-405 needs careful attention. Rejection at those...
How much loud and clear does one want the chart to be.... This is what we had posted on 26th June 2017 Retest of breakout zone and up again on confirmation... This is what the chart observations were indicating and that is exactly how it panned out...retest of breakout line and zoomed all the way up above 600+. We have plotted the chart on a 15 minute...
ONGC On 13 June when ONGC was at 168, it was suggested that - the stock is currently in down trend & Closer to 158-162 will be worth accumulating from risk:reward ratio perspective Link to previous analysis For last 2 days the stock has defended 158 on closing basis & Candlestick pattern at important support level suggests reversal is round the...
IRB Infra CMP 228 Observation - Story between Jan 2014 to June 2014 The lyrics of the song Highway Star by Deep Purple sums it up perfectly... Nobody gonna take my car I'm gonna race it to the ground Nobody gonna beat my car It's gonna break the speed of sound Oooh it's a killing machine It's got everything Like a driving power big fat tires And everything I...
HDIL CMP 88.40 The stock has seen some correction from 94 odd levels Holding 89-87 zone (buy zone) the stock can again aim higher for targets of 93 and above that 100+ A close below 84.80 on closing basis should be considered as Stop loss Do review your trading plan and plan your trade accordingly...!!! Take care & safe trading...!!!
Last Price@8257 Nifty has been moving into corrective structure & within a channel. Yesterday-it was an excellent upside move for the Nifty as it sustained above 8200-8210 zone, which was resistance & suggested that this rally could extend to 8300-8350 zone. Since 8250 which was key resistance yesterday has been taken out so likely it has opened for upside &...