A clear bullish setup.. Not allowing the stock to fall. Absorbing all selling.
Facing resistance and distribution. I will sell this with a Rs 2 stop loss.
RSI, MACD say its at high point. Expect stock to fall from here. 1st Target 35.
Nifty reached upward target. Now likely to retace to 38% fib level
Also closing of futures long positions
Resistance. Stock might retrace to touch trendline.
Volume has been reducing. Recent up move has been because of news and big names investing in the stock. Looks like the stock can retrace a little to 20EMA or even 50EMA before continuing up trend.
On the hourly chart, I see a range breakout with a pullback. Delivery based buying along with a bullish option chain.
Swing trade. RSI in overbought. 1 hr timeframe shows price is rising but RSI is not moving up. Wait for 20 EMA to turn down and then first target should be 3200.
Tata Consumer / TATACONSUM expect it to retrace to at least 350.
Heavy delivery based selling. I expect the stock to fall down to touch 20 EMA or support line shown.
SUNPHARMA expected to get back to the bottom of the channel. This analysis is based on price action and option chain.
Inverse H&S. Upmove volume supported. Looks like it will trade in a channel now.
Looks like a perfect start to an uptrend. Target price marked with blue line
First target mentioned on the chart.