KingJB76

KingJB76 Updated 

AUROPHARMA tested and tried to break above BLUE falling wedge resistance but failed. And hence fell to test the PINK falling channel and break below it to test 706 levels intraday. Tomorrow, if it moves up from the current closing level of 708.45, it will test 715-16 and we have to see the reaction there. If it breaks and sustains above 715-16 then it will touch...

KingJB76 Updated 

::INDIACEM:: RISING WEDGE (on 45mTF)within a larger FALLING WEDGE (on DailyTF), however, broken out of the Falling Wedge. Trade Setup: If tests 86.05 and retraces then can open a long trade at 86.5 for a T1 of 89.10 positional If breaks below 86.05 then can test 83.35 and we should see its reaction at this level. If retraces, upmove again till 86.05. Else,...

KingJB76 Updated 

::ESCORTS:: On the verge of a breakout on Daily Chart. Closing above 660 will make it see 690 levels soon. However, closing below 650 may take it to 635-30 levels. On watchlist for now to see which side it moves in coming days.

KingJB76 Updated 

Overall, in a descending wedge and in that, there is a rectangular channel working along. If it breaks 80.65 and sustains, we can see 82.4 as first target.

KingJB76 Updated 

INFY is working along in an ascending rectangular channel currently. For it to follow this along, it will find support at 724/716 levels. If it respects the support, it will retrace up back to 726 first, else break down lower.

KingJB76 Updated 

JUBLFOOD is working itself upwards in an ascending channel. In order to test the upper resistance of the channel, it has to break above 1357 & 1374. If it has to retrace and test the lower support from today's levels, it has to break down below 1330 & 1315 leading to a fall to 1272 first.

KingJB76 Updated 

Breakout given. Levels indicated on chart. Will be on watch till it retraces back down a bit and see how it reacts from 413-414 levels.