Analysis:- - Previous week ending 5th April was bearish for HUL. Then a green Doji on 8th April showing indecisiveness against the bears. This was followed by bullish candles confirming a trend reversal this week. - This reversal happened exactly at the long term trendline as shown. - Stock moved in downward channel for past two months. Finally appearing to...
The pair has made a double bottom in the hourly chart. It can retrace to support at 1.03147, for now, which is a good entry point for long trades. We expect the pair to move to the resistance at 1.03523.
After a straight downward rally higher possibility of bounce back up to 27000. Below 26400 it can move up to 26000.(Just Analysis)
This is monthly chart of YESBANK on NSE (INDIA) which looks good for an investment. Opinion has been formed based on following observations : 1. A horizontal line has been drawn on the chart which acted as resistance during JAN 2015 to MARCH 2016 which turned into key support during recent fall in prise. Finally, the said resistance was broken in April 2016 and...
Idea expressed on the daily chart :-
After the corrective move around end of April, the final leg of correction seems to have commenced in Nifty IT NSE:CNXIT . IT stocks including large caps like TCS and Infosys witnessed heavy selling pressure today. Looks to me that the selloff will continue and is the start of a corrective move in IT index before a fresh uptrend begins. I can see that IT index...
Technical : Double Bottom Reversal Chart Pattern (Weekly Chart) Trend reversal line And Double Top Breakout @ 88 Technical Target : 153
In daily, there was a long consolidation and BB squeeze. Now price closed at UC with very high volume, and BB has started expanding. also regular bullish divergence seen here. with sl - 72, tgt - 150
In monthly, price took support at long term support , also trend line resistance broken here in weekly, regular bullish divergence formed here. also price started pushing upper BB upwards with high volume with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300
It is in long term uptrend. In daily, it broke out of descending channel with good volume, also price closed above upper bb and bb is expanding and reversing . In weekly, hidden bullish divergence is seen. also price has reversed from horizontal support zone. with sl - 512, tgt - 640.
double bottom formed after a prior downtrend, broke out with high volume, now retesting. sl - 316, 1st tgt - 370
It is been observed that the price action is indicating a strong support at 600-630 levels, where good buying shall be seen. Therefore, now the price action shall reverse from the support zone to move forward to next resistance levels of 665-670. Target: 665 Stoploss: 600
BANK NIFTY has consolidated @ 19500-20000 Range. With downward support @ 19000. Upward Resistance @ 20000. 50 Day Moving Average Indicating Trend Reversal. SHORT POSITION @ CURRENT LEVEL TARGET @ 18500 SL @ 20200