There is double bottom breakout and the uptrend got faced resistance around 295. The stock might see some correction till it's support but technicals suggest a long view in different time frames. Can be bought on corrections for positional gains. Check the levels according to you.
Today it was a range bound day, not much move.
On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it.
So what next?
Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but...
18/09/2019 ALSO COMMENT IF I AM WRONG PLEASE...
view only for educational purpose...
TECHM:- short term Resistance around 734-735 & Short term support around 675-670...
Intraday Range 720-722 upside & downside 700-704..
Britannia has been in a nice and long uptrend over the last 5 years.
After consolidation, this stock now appears to have reached the strong support zone of this multi-year uptrend and has closed with a nice and long Hammer Doji.
At this point, it does feel like the support zone is strong and the stock will reverse back to its uptrend.
Its certainly worth...
Larsen and Turbo has been in a nice and long uptrend for the last few years.
This stock has now approached this strong multi-year support zone with a lovely little Doji. Love the tension in the market at this point.
Do you think the stock will Reverse at this strong support zone or break it ? We will know it very soon.
Use your analysis skills and pick a direction!
Tech Mahindra is in retracement of previous Big fall, so short term it is in uptrend and touch upto 713.
I marked the price movement as per target date in above chart.
Target 1 : 689
Target Date : 23rd Aug, 2019
Target 2 : 713
Target Date : 6th Sep, 2019
Larsen and Turbo stock has been in a nice and long uptrend for months now.
The stock now has reached the support zone of this uptrend. Its certainly a nice opportunity to make use of reversal from this support zone and enjoy the 'LONG' ride.