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Wait for a hourly close above or below the range.
Buy Reliance above 1116 Stoploss 1094 Target 1174
Sell Reliance below 1081 Stoploss 1098 Target 1024
Sell HCLTECH 1013 SToploss 1034 Target 956
possible correction ahead
50 DMA crosses over 200 DMA which may signal a near term top and possible correction ahead.
Plotted Fibonacci retracement for 2016 lows of 6825 and 7893 with 9100 as highs.
10020 on the downside and 10596 on the upside seems to be crucial levels for markets...so crucial they can decide future trend.
Wait and watch...
If this test fails then new levels may open up on the downside and the recent swing low of 2603 may be in threat.
Sell with closing stoploss of 1500 Target 1320 1285
Sell Titan Stoploss 895 Target 745 690 (Positional)
DLF made a weekly Head and Shoulder on weekly charts broke down and now retesting the neckline.
SEll DLF 172 Stoploss 185 target 128 114 (Positional)
Infosys is in a falling channel and is testing support at 635.
Buy at 645 with at stoploss around 635 Target 684
US Index S&P500 broke below its rising channel and went for a retest in yesterday's pullback.
A weekly close below this channel may signal a correction in Equity markets all around the globe.
Sell ACC at 1520 SToploss 1550 Target 1384 (positional)
Bitcoin has been in a narrow converging range after the big rally faded.
Its been making lower highs but the 5900 support tends to hold everytime.
So will the support give away or will it breakout of the recent highs to begin a new uptrend? We should wait for confirmation...
A confirmation will be a consecutive 2 week closing above the both trend lines
We can all agree that Wipro is a fundamentally weak stock in all of frontline Tech stocks.
Stock has been moving up following the trend line during corrections making newer highs everytime it corrects. That seems to have paused at 330 which is also a big resistance zone which was also the highs made before 2000 tech bubble burst.
Stock may retest the trend line ...
Looks like we are heading towards 2600 range again
HDFCBANK has made a Bearish H&S on daily charts.
Wait for a closing below 1915 to sell with targets of 1870 1838 and 1795.
Stock has been in a narrowing range after the big decline.
Weekly closing on either side may see a huge move.
Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels.
A consecutive weekly closing below the green line may trigger a huge correction which is not very far off.
Will the stock respect the trend this time? Only time will tell...until then lets ...