Castrol India Watchlist Breakdown or BreakoutNeutral view from Charts but RSI is giving some signal
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Titan shifting toward new Vale Area Hello! Friends,
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Past the price is consolidate between 930-1030 range from past june. After consolidation between 100 points range its gives a fresh breakout which retest done by yesterday ( I mention point in the chart ) and now price is shifting toward new Value area. If price break yesterday high then we will see price toward 1100-1150-1200 in upcoming weeks.
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Suntv consolidating before results.Breakout possible o good results.
If bad results, price rejection possible.
Siemens : Further low before it forms a base and reversesSiemens could be near its low but a looks like there would be a further dip before which it forms a base and reverses. So one should just watch and trade only post a confirmation. RSI is nearing an oversold region.
YesBank Or NoBank!Wait and watch.. breaks below 300 clear sign of sell target 288... above 318 Buy Zone target of 340
Unbelievable run - Take the profit.Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @ the trendline around $1.87 which is the 1.618 fib level. If it falls harder it could find some support at fib level 1 ($1.23). The selling volumes are pretty low though.
B. It may get into a consolidation phase for a while. Look at the encircled portions in the chart. Everytime it hit an all time high it consolidated along that line sideways before making the next move. In this case it may go along the fib level 2 line and find support at the orange trend line before making the next move.
C. If it manages to surpass the Orange trend line on top, it may reach $2.7 (fib level 2.414). This is less likely at the moment in my opinion.
What the next move would be is difficult to predict. We'll have to wait an watch. However, I have a feeling (this is purely my assumption based on the past performance of the ticker) that it'd follow option B above.
Note: if you went in early then now is a great time to seek some portions of your profit. :)
Please feel free to revert with your feedback. Thank you!
