This value area channel has completely in tight trend.
Support at 30234 nearby exists which can react with smaller penetration.
There is require big -ve new to break this channel, therefore I am thinking for U-Turn nearby the support.
See the price behave in big regression trend, it is for long investors how they catch sight of it. There are always two scenario in the stock as we always see,
The first thing is that the three regression trend i have plotted inside the big regression trend, the two regression are in "UP" direction trend and the last one is in "down" direction. So can be...
There're two scenarios created by NIFTY.
Previous support 11816 existed.
Control price attracting value to 11841.
Sellers pressure will lead price toward value low at 11802 nearby.
We will take accurate action very soon if you want REALTIME alert, HIT LIKE button.
Stock exhibits sustained weakness in Weekly time frame. Falling Trendline holds valid and rejections have been pretty strong whenever the stock hits it.
Currently the stock has hit the Trendline again wherein we could also spot 38% FIB retracement adding strength to the resistance.
Though the above points guides us to take a strong bearish view, we need to be...
RH Long term trend is up. It is currently at the long term support of 100 as can be seen by the blue area and the green trend line also confirms it. One can go long above 106 or short below 95 depending on further price action.
hi traders indial bulls looking weak .....go for short it is breaks suports your target will be 729..enjoy the trade ....if it breaks trend line see for the volume it volume is more go for long . thank you