ITC has retested support of 200 continuously 6-7 times and made support to the previous trend so it is looking big
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In the monthly chart view, orient cement's next target is looking 117.55 which is the next resistance of the ongoing up move. But weekly is showing the next target is 120, will take a long time than monthly chart and daily chart is in consolidation so we have to wait for the breakout.
Disclaimer - These are my personal views. Don't trade on behalf of my views....
Due to corona, this is a bad phase for the market but Nifty shows potential to go up. It close over where it opened today. It means that it wants to go long. Bulls are looking in power. Nifty had tested the support at 14267 three times but did not break it even once. It is making here strong support. Nifty may give gap down opening but potentially it will up. This...
According to the chart, orient cement is looking long. It has clearly broken consolidation of last some days as you can see on the chart and it is gradually increasing along with the uptrend line. And we can see that buying intent of last three days is also increasing, but the factor that can is a little bit negative is the volume of buy, but it is increased from...
Ashok giving a signal to uptrend because if it closes over 120. 40 on Monday then MACD will cross to each other and 5 DEMA has touched the tail of the last closing candle and 44 ema also touched the wick of the candle