Due to divergence in price and volume, and believing that volume precedes prices, it is estimated that prices will rise soon in the near term.
Estimate is that the prices will go lower, since volume is decreasing with a decrease in prices.
After falling on high volume, the stock price closed higher on a higher than previous day volume. Also, Price Volume Trend (similar to On Balance Volume) is higher, thus there should be strength in the trend. Entry: around close of 2019-01-28 around 23.9 Stoploss: around low of 2019-01-28 at 19 Target: around support 1 (Fibonacci Pivot Points) around 33
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#BFUTILITIE - chart
NSE:TVSMOTOR Tvs has broken from a consolidation phase with high volume so its a buy according to my analysis at cmp 564 with Sl 549 and target 590-604-639
In lines with my previous post on bank of baroda, we are bullish on it in lower time frames as well. The resistance and supports are shown in the chart. There are three overhead resistances in the immediate region and then we might see a rally in the short term. We are approaching the end of a symmetrical triangle which usually means a break on either side....
the stock is no ones favourite now , been India ' s biggest wealth maker , now set for something huge huge enough to surprise !!!
#MARICO.
Pole & Flag Break Out. Above 21 EMA. Risk Reward Looks Favourable. Other Details Mentioned In Chart. Positional View For Educational Purpose Only. Please Consult Your Financial Advsior Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
Break Out With Volume. One Year Down Trend Line Break Out. EMA may act as support. May be a Stock of September Series. Trial SL Once in Profit. Other Details Mentioned In Chart. Positional View For Eductional Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
1) 27% sales growth in Aug 2018 on a higher last year volume 2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle 3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth