Date: 09 Nov 2021
Balkrishna Industries (CMP: 2496.95)
Competitor of MRF. Company is going to declare results on 11 Nov as per filing with exchanges (2 days from now). Stock is making triangle pattern with perfect setup on RSI. Breakout will above 2550.
If they post good result then stock will go upto 3,000 (T1: 2700, T2: 2850, T3: 3000). One can dare to take...
Stock is taking support near the 7325 level which is closer to the medium term DEMA of 50 days. Today (26 Oct) it opened at 7,695 which is close to yesterday's closing at 7,646. This 7,650 is a near term support level. Price is again attempting to give breakout above the near term DEMAs (10 and 20 days). The volume looks good and RSI bounced back from 50 level on...
Tata Steel (CMP: 1463.75)
Stock price has formed the Diamond pattern and given breakout. Also, the stock price has given breakout on the 10 DEMA and 20 DEMA. Volume and RSI are slowly increasing in the last 3 days.
Look for following target. T1: 1,490, T2: 1,525, T3: 1,560; SL: 1,400