M_M Looks Bearish on Daily timeframe. M_M has given a fake move upside, where it did not sustain. This has caused a reversal move in M_M, and it can probably take out the Strong Support zone as it has been tested multiple time.
Colpal is near imp support zone. this 100 point zone defined next few weeks of run up.
If today's closing is below Rs 235 then it will go down and in that case, the down target will be Rs 230 and Rs 226.
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Sell only after a bearish Candle stick forms.
I am bearish on indusind for the upcoming week, lets see how the stock performs!!!!!!!
in short term the stock looks weak and can see more downside
bearish on sbin for near term with a target of 320 -312 levels
dont think the 17% weightage holder of banknifty will sustain the levels and thus can drag bank nifty to lower levels ...
Nifty is showing three strong signals for correction Signal 1 : A Negative Divergance is seen on the daily charts of Nifty 50 which is showing weakness... Signal 2 : On weekly charts a Shooting star pattern is forming... Signal 3 : RSI at weekly charts is highly at overbought zones... Now for next few days small cap may run and many people will turn...