USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
VODAFONE IDEA LTD, JET AIRWAYS INDIA, YES BANK, RELIANCE COMM LTD, INFIBEAM AVENUES L, PC JEWELLER LIMITE
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
SOMANY cramics is at highly oversold on monthly charts and is at 100 monthly moving average..
expecting a bounce back..
NOTE: analysis is only for EDUCATIONAL PURPOSE only..
Monthly chart: pink lines
important support and resistance levels
has corrected majorly since jan 2018 from 970 near levels
Weekly : blue lines
hammer formation on weekly chart
tested monthly support line and closed above it
buy above 365 levels
Daily chart : red lines
Descending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts)
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.
After a serious Downfall Somany Ceramics might be having a base in Place.
With a Stop Loss below the Low Made, can be longed for
stock looks good as trend is up from long time.
taken support at 61% fib level.
confirmation by bullish candle.
SOMANY CERAMICS INVITING VOLUMES NEAR UPPER CHANNEL LOOKS GOOD WITH TRENDLINE SUPPORT.CAN TEST 627-640 ABOVE 610