Lets see if a reversal signal is generated. Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid. BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
The stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.
Short Tata Motors at cmp...immediate target 458...further down to 434 and 402 on long duration
HDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts... 5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60.... 80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95... In monthly...
Buy Persistent Systems for an immediate target of 598
Market seems to be in deep consolidation mode after the Budget presentation. Although PCR(Put-Call Ratio) of 1.1 suggests that uptrend is intact but this consolidation may continue till the end of this series. As we know that the nature of Volatility is to expand and to shrink and after the recent heightened activity sluggish phase is quite natural. Under this...
Target 107 | Stop-loss 61 * Multi-week sideways consolidation (read accumulation) * Bollinger Band contraction * Momentum oscillators inching towards buy crossover