SBI is taking support at the multi-year bottom. This does not equate to Buy or Sell. Please wait for confirmation where price breaks swing high or close below the low.
Market near the top of channel
The chart looks for a good short. Bearish divergence with trend line violation
NSE:DCBBANK has just crossed a bearish trendline for more then 9 months
NSE:NESTLEIND is taking support at 61.8% of the recent move and also forming classic ABC pattern.
View is bullish for the short term.
Long Term Trendline supporting BSE:HINDUNILVR . A break below which can trigger medium term bearish view,
Downward sloping line.
-> Good Support Level
-> One Bar Reversal
Good Idea to Play Option for May Expiry
1) Resistance become support
2) Market taking support @ 61.8 %
Castrol at Resistance Line
Multiple Resistance Faced for Castrol
Resistance becomes Support and Market taking Support at 61.8% retracement
Wipro is at major confluence point
1. Long Term Trendline from 2008
2. Forming Double Bottom @ 475
3. Downward Bullish Trendline
ITC is near the Channel Top and we can see Resistance at this Level
There is a classic pattern where Support Becomes Resistance and Mind Tree is showing the example of the same. Wait for the market to correct a bit and it will turn to a great Short Oppertunity.
Arvind Mill is hitting Resistance Line with volume and forming Doji pattern bearish for near term
Syndicate formed Evening Doji Star with Bearish Trend Line Touch. You can see fall in coming Days
Hexaware Breakdown from rectangle