InfinityCapital

InfinityCapital

This is monthly chart of emami. THis stock has been consolidating in a 200 point range for sometime now. If this range breaks, the stock could slip towards 280/260 levels.

InfinityCapital

We are looking at a monthly chart of muthoot finance. September months volume is almost 3 times the regular volume and current candle with this huge wick is suggesting more weakness in this stock. Watch out for 365/360 levels, if the stock closes below these levels. it can slide lower

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If the index closes below 2650, we may see 2150 levels. Be caution before buying the psu bank stocks. This is monthly chart

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Looking to go long above 28/09/18 high with good volumes with a stop at 720 for a target of 801. THe daily volumes have been rising and the weekly volume is rising with a strong candle. Looks like a decent risk reward trade.

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There is possibility of Glenmark breaking the last 3/4 day trading range. The volume is quite substantial and the last hour of trade has been marking up the price. Generally late afternoon strenght tends to have a follow up the nxt morning. THe pharma sector is trending so momentum will support the rally.

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There is a high possibility of a BO for mindtree above 1158. RSI is upwards of 70 so taking the trade with caution. BO's are high risk and high reward, quick in and quick out trades. look for huge volumes supporting the BO. Delivery Percentage has been falling so tread with caution