Expecting some selling pressure from here since price is testing key technical resistances.
Playing the downtrend, with the trendline acting as a stop loss on a daily close basis
Price behavior is bullish because price is moving above the golden ratio level of 61.8% and the averages and prior highs, likely to head to 500-510 zone.
Bullishness of yesterday's candle that passed above the prior highs around 211-214 is immediately seen being negated. A Close around day's low today could result in a steep fall in the stock.
The Gap area 440-455 has been capping upsides in the stock since a while, expect it to work for November series as well.
The stock consolidating at its demand area of 185-182, expecting a bounce to 200, 210 from current levels.
Continuation of the downtrend expected from the Retracement level and the trendline.
Clear downtrend ongoing, and the price currently seems to have completed its counter trend up-move. Expecting resumption of the downtrend again.
Price structure looking weak with a Triangle pattern breakdown!
The stock is finding demand on the up-sloping trendline, good investment option for long term trend plays.
The stock has a well established uptrend, and the price has come to the slope and has seen a 14% fall from the all time high price, which means one can expect the correction in prices to pause here and the uptrend should resume!
Expecting a sharp fall in the stock, on-going trend is already weak, so playing on the side of the trend.
Stock is expected to come back to its strong demand level of 250!
After consolidating between 240 and 160 for quite a few months, it appears that the trend has resolved on the upside. Expecting current fall to turn out only as a pullback in the larger scheme of things, and price should continue going up and fill the big Gap area!
Price at bounce area, and if the bounce happens, it could form an Inverse head and shoulders, thus making it a good choice for even investors to buy this stock. First target expected around 3250 for traders, for investors, they need to be in this trade for a few months to reap good rewards.
Price above the averages showing an uptrend, so trading in favor of the trend. Target 660!
Past lows should offer selling pressure and RSI displaying divergence adds to weakness. Price should come down to 450 first.
Price at Trendline support, buy with days low as stop loss, target 660+