THIS SCRIP HAD A VERY LONG FALL. THE CHARTS SHOW LEVELS
SUPPORT - 180 RESISTANCE - 233
IT APPEARS TO BE IN A TRADING RANGE.
IF ONE WANTS TO INVEST, BUY AT 188 LEVELS WITH A TARGET OF 220+ KEEPING STOP LOSS AT 180.
CLOSING ABOVE 210 LEVELS, MAKES THE SCRIP BULLISH.
OBSERVE THE TREND LINE ANGLES.
Is SAUCER in Progress? - Fundamental Suggests So.
The saucer /Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts.
It is also referred to as a Saucer bottom, and represents a long consolidation period that turns from a Bearish bias to a Bullish bias.
OBV: Support the Up Move.
Swing targets will be Updated later.
Education purpose only.
Script price is dropping , but most of the armature retails are buying where as the correction is still there , wait till it makes to level and reverse
i will be going long after reversal confirmation near levels
Eveready Industries had a good run in 2017 till July. However, it has corrected sharply after that. Current price is close to 50% retracement of the entire run from December 2016 to July 2017. It is also near 200 EMA which might act as a support. The RSI is in deep oversold levels. I feel it is a good opportunity to buy the stock at current price with a stop loss...