Channel (i) and Channel (ii) was represented at support or at value low. Axis bank created an excess in both channels which good opportunity to buy 741 nearby with stop loss of 730 below of candle closing base. Target is 766 nearby at control price.
TimeCycle (2) is also going to positive.
If there is not anything -ve on this stock, Support will be compelling...
Query : View about NCC
Answer : Weekly & daily charts confirm the down trend. If price goes below 86, then it will reach the next support at 81, 76 & 68.
Note : Post written as a reply for the query from a regular follower.
Expect Bullish Move "If" stock holds in 705-709 zone with strict stops below 695
Sell Below 695 with strict stops above 720
Target - 620 / 630
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Blue Sky Day No Repaint Strategy is suggesting to:
BUY NSE:ITC 298.05 TGT 300 SL 297.50
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Tata Motors has touched major demand zone and bounced back. Expecting to move higher when trend line breakout happens. I am posting only my views here. Do your own analysis before you go long or short.
Price is trading at a "value high".
Suppose to extend price rotation as drawn in the chart then Spike is ready.
The 30min can close above 148.7 then, 90% chance to make spike for targets 151.5 and 152.25.
While Spike volume should more than average volume, for instance, 2x volume will confirm the spike.
Support at 147
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4 tails at the value high with one excess and 2 tails found at the value low with one excess. The presently fromed tail is not at excess but its a breakdown channel.
Remarkable points, recently created tail has enough shadow as comparted all others.
Therefore, Possible to fall more OR create a series of tails.