So, let's analyze Glaxo Smith
On 1M TF it still look bullish as the resistance is getting tested to turn into support.
1W & 1D TF also show bullishness.
If it forms "W" on daily TF and then breaks out, it could potentially reverse from there.
Any candle close below (1900-1870) zone on weekly TF could mean that the stock has failed it's re-test.
Zones have been...
IDFC ANALYSIS:-
Either the price breaks the trendline and then re-tests it,an entry can be taken.
Second entry can be taken when the 130 zone is broken with N pattern re-test
Also check the last 2 day buy volume.
Note: Though the fundamental numbers not look promising but the sudden change in candles with increased volume may tell a story.
Disclaimer: Only...
Aarti inds has changed it's polarity on weekly TF.
Weekly resistance has turned support.
Also as per the current market conditions it did not fall that much and is still respecting it's support.
If the market turns a little bullish, this would be a good pick.
Tip: It is not a recommendation and is only for study purposes.
Look at the Monthly Time frame.
W pattern is a reversal sign
It can go to ATH
In such weak markets, it is still performing.
Disclaimer: Only for educational purpose. Not a Tip.
On weekly TF the resistance has been broken and is now acting as support.
Volumes are good and it is consolidating near support.
If it breaks and closes above resistance then it can be a good buy for ATH target.
Disclaimer: This is not a trade recommendation. This is purely for educational purpose.
