UBL chart showed an inverted Head and Shoulder pattern with a straight neckline at its resistance zone. There was also the formation of Cup and Handle Pattern. Both these patterns are bullish patterns. On 2nd Sept the charts broke out of the patterns with Ultra High Volumes. The stock had a swing and is again trading near its resistance zone. This can be a strong...
Short Term chart for the company is forming a descending triangle pattern with lower highs and same lows. The stock has been taking support in the range of 13.95 to 14.05. Looking at the Fibonacci retracement levels, the stock has been taking support at 0.5 level. The stock has had a gap down opening at fibonacci level . This would be my first target for the stock...
Coal India has shown an up move in the market today after trading close to the short term support line for 15 days. The up move was accompanied with higher than average volume levels. This move was also backed by RSI with a crossover above 50. We should wait for a confirmation from MACD also as the MACD line is trading very close to the signal line. The stock has...
