This is weekly chart of Ambujacem (spot). Following observations indicate that it might soon give an opportunity to go long in this scrip: 1. It has been trading in a range 185 to 280 since May 2014. It has made a low of 188.50 in the last week and finally closed at 190.45. This implies that it is trading at lower range near support which has been respected many...
According to my opinion, Nifty is at strong support and there is high probability of its reversal. In forming this opinion in falling market, following considerations have been made: 1. Nifty is trading at strong support zone which has been drawn on the chart based on past price behaviour. Hence strong support exits in range 9950-10000 (NSE -Spot) 2. Clear...
The analysis is based on weekly chart. It looks that enough consolidation has taken place in Havells and scrip is all set to move up. In support of this view, following supportive evidences on chart have been observed: 1. In last three weeks, bears tried hard to push the price lower but it has recovered sharply forming pin bars. It is also observed that price has...