today 8-Oct, 0.618 is seen a very crucial level and might be a price reversal here we can see that, @ 0.618 has taken a good support of the previous high's and as today it is resisting the level of 23100 as per my experience and study 0.618 has proved to be a good reversal point. This is my view and lets hope for the best.
50% retracement is called as the healthy retracement in an Up-move. POINT OF CONCERN :- 1.The formation of DOJI (Which may also seems the sign of a price reversal Move) BUT!!!!! 2.As we see in the next candle, buyers have pushed the price as soon as it came closer to 0.5%, hence hope is alive. So, lets see and hope for the best!
Signal's of confirmation :- 1. Wedge pattern 2. Shooting star candle 3.All time high Buyers are facing rejection in the price hence we might see a retrenchment Till the support. This is my view and now lets hope for the best!!!
Marico confirmation based on :- 1. Doji Formation 2. Support zone (Demand zone) 3. Good Buying volume. Keeping Stoploss @ 360. This is my view and lets hope for the best.
Still it is not very clear but my opinion is that BALKRISIND is forming an double bottom pattern and may bounce back giving a strong up move, Lets see, and hope for the best
As per my thinking bandhan bank is nearing resistance and a strong uptrend shows the buyers are exhausted and now might begin to sell we may see the reversal lets see this is my view and hope for the best!
If broke resistance we might see bullish trend or else it might fall back towards support. Only buy above 433 (resistance)
Wait for the levels to break or bounce All these levels have been drawn based on Bigger time frames I.e 4hrs , daily. This is my view and now lets hope for the best!!! Whats your view comment down below!/.
Still, Not given a break but i personally am on bearish side, Reasons? 1. A strong triangle pattern 2. A Huge Gap 3. It has been on all time high Record This is my personal view and lets hope for the best!!
Tech-mahindra has show a sign of break-down I.e 1.Broke the trendline 2.Fib Conformation this is my personal view and now lets hope for the best! Whats your view, Comment down!
Shriram Trans&Fin forming a head and shoulder lets see will it bunce back or fall. i personally will Just watching not trade this stock.
Glenmark is forming an curve pattern and an very exciting one. Key-levels are 485 once broke will Give a good upside momentum. This is my view and lets hope for the best.
As we see a huge gap of 169 points which is yet to be filled Any time we might see a bearish side ! buyers be very Cautious. Also there is a formation of triple bottom formation. Valuation is Expensive if PE is anywhere between 20 to 25 which stands for overvaluation. PE levels Data provided by NSE* ...