Trend Lines
A debt free companyNSE:PRESSMN
6 month target 50Rs.
Buy around 30-35. Target 50 Rs.
Debt free company.
Wipro - Weaker of the whole Tech packWe can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line again but will it survive this correction? Only time will tell...
DAX looks its gonna breakdownGermany Stock Market Index DAX may be creating a Head and Shoulder pattern at the top. In order to break out and become bullish the Index has to strongly close above the Red line which it has been following for past months.
A weekly close below 10850 levels will confirm a bear market in DAX atleast for the near term.
Watch out for the contagion effect on our Indian markets.
A Correction was always dueMarket seems to be heading for that trend line support.
Start investing near 9500 levels.
Tough times ahead for Stock Markets?This chart looks at US 10 Year Bond Yield over last 30 years.
The yield was in a downtrend and in a falling channel for 30 years until now where it broke out above the channel. This may signal a near term top on Equity markets.
Purely educational not to be taken as advice
NIFTY VIEW FOR THIS WEEKNIFTY HAS GOOD SUPPORT NEAR 10800 and ALSO MARKED CHANNEL BOTTOM AROUND THE SAME LEVEL.
WE COULD SEE BOUNCE FROM THESE LEVEL TO 11076/11144 LEVEL. FROM THESE LEVEL ONE CAN SHORT WITH SL OF 11180 FOR THE DOWNSIDE TARGET OF 10740/10680
tatacommtill now this has fallen least in telecommunication sector
on weekly scale it has broken important trendline and last candle is a doji price moving above doji high and low will decide its further move.
my view - price should break now and make new lows
Short HCLTECH Below 1083Enter Short in HCLTECH below 1083
Targets - 1076, 1067 & 1056
Sl- 1096
*As always suggested avoid if OPEN=LOW
* Trade wisely as market is very volatile.
Long BPCL above 377 with 381 as T1 and 364 as SLEnter Long in BPCL above 377
Target - 381, 389, 401 & 417
Sl- 364
*Recommended for positional trade/mid term.
ashok leylendashok leylend target 26-09-2018
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NIFTY: Week Ahead, Spot & FUT Levels Weekly(17/09/18) Basis11550 (Spot) looks Crucial.
Closed above 11550 Increased probability to hit 11641 (Spot).
...... Fut & Spot levels mentioned & plotted on chart.
LOOK FOR BUYWe can see very good uptrend after the break of trendline, Do not buy before trendline break and take trade on price action setup
NIFTY: Week Ahead, Spot & FUT Levels Weekly(10/09/18) Basisas mentioned "Near Bullish GAP at 11499.65 - 11486.45".
Covered in Mid of the Week.
After tht Witnessing ""V" Shape recovery in Hourly Chart"
Fut & Spot levels mentioned & plotted on chart.
godfrey-trend is changingagain in this stock i have figured many patterns - trendline, rectangle
also inverse h&s
wockpharma - at major trendline resistance as we can see its near major trendline resistance .
also moving in a small channel
breakout above 675
though one can buy with sl of swing low 634 .
NIFTY: Week Ahead, Spot & FUT Levels Weekly(24/08/18) BasisCRUCIAL Tnd line for coming week 11590 - 11605 (treat as RESISTANCE).
before that 11581 strong hurdle.
Previously CLOSED below All the time (Except One Instance).
Choppy Trading Band: 11581 - 11543 (Spot)
Immidiate bullish Gap at 11500 - 11486, act as Support.
Closing Below Weakness comes.
.... rest detailed plotted on chart.
Mentioned Weekly Fut Levels upto EXP'. Day.
more updates if needed
