KPIT Tech for the medium timeframe (6+months) • 61% retracement done of 26sep-12feb trend • Resistance broken should now act as a support • On the downside, 1550 should not break for swing traders & 1400 should not break for medium-term traders
Tata Steel is trying to break out of the long Consolidation (1.5Years+) It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side. It was also the 61% Retracement of recent trend. Important Levels: For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of...
Reliance is trading at a long-term channel support & has done a 78% Retracement of the recent trend. Looks good to accumulate for long term until 2300 is not broken. This time it can target for another ATH. For short-term trading, 2400 is the area that should not be broken. Till above it, A good LONG Candidate.