Price has an established long term up-trend. As per its pattern in the entire up-move, prices have taken support at the 23.6% FR Level. The Monthly RSI has also bounced from its Oversold zone. On the Daily Chart, price has broken out of a consolidation, which suggests resumption of longer term up-move. We cannot define a proper target, but for a start, we can...
Price has confirmed an Inverse Head & Shoulders price pattern along with decent Volume on the breakout candle. A Daily Close above Rs.360 would confirm a Trend Reversal by forming a higher high. The target for Inverse H&S Pattern is Rs.430. Horizontal resistance zone is also placed around 450. View remains valid as long as price is above the low of the right...
Prices have bounced from its Key Up-sloping Long term trendline along with the monthly RSI bouncing from its Oversold zone. Stock looks like an excellent opportunity for a long term investment!
Prices have bounced from an established horizontal demand level around 555, minimum bounce to the 61.8% FR level at 725 is expected!
Going the price pattern explained on the chart step by step, this should be the last accumulation phase before the stock embarks on a long term upmove!
Prices have been trading in an upsloping trend channel. Now prices show strength by breaking out of a consolidation pattern. Prices should test 161.8% FR level or the up-sloping channel line around 5500!
Price has been in an established long term uptrend. Prices have bounced from its Key Support offered by the 38.2% FR level in this Long term uptrend. Going by past price behavior, prices should now resume its long term uptrend and test 261.8% FR level!
Current price correction of 43% and finding support at 61.8% FR Retracement level are in line with past major corrections. RSI is also turning from its historical Oversold zone. The stage is set for a turnaround in the stock. One can look to invest for a longer term target of a new all time high on the stock with a stop loss of Rs.650!
Simple Technical explanation! Price near previous peak support along with RSI testing oversold level. Expecting a bounce in prices to end expiry above 110!
Trusting the on-going Trend here. Prices broke the up-sloping trendline, suggesting weakness, and is currently turning down from Key Resistance line.
Sarda Energy becomes a successful bidder for Gare-Palma-IV/7 & Sahapur West coal mines. Good news continue for the company, and the on-going uptrend likely to continue till Rs.430.
Maruti's strong uptrend now seems to be in trouble. Investors need to beware of a turn, the HEAD & SHOULDERS price pattern shows that the stock is distributing.
The stock has had a decent correction in its ongoing uptrend. TREND IS YOUR FRIEND. Buy at Supports.
An Inverted Head & Shoulders price pattern on the Daily Chart. The pattern implies strength in the stock, price could extend its ongoing run to Rs.400.
Stock has given a TRIANGLE pattern breakout. Book says this is a continuation pattern for the ongoing trend, so stock likely to head to Rs.40!
Stock has come to a strong valid down-sloping trendline resistance. Will the stock continue with its recent up-trend, or will the higher time frame bearish outlook weigh in? For a trade, looking to execute a BEARISH CALL SPREAD. If the stock is to find resistance at the trendline, it might end the July series below Rs.53!
A Triangle breakdown shows a DISTRIBUTION pattern in the stock. Prices likely to fall further. Initial target is Rs.435!