It has a room to explode around 50% on the upside.
Confluence of Fibo, yearly pivot, support and resistance and backed by volume. Looks good for 30-40% in 6 months
TECH Mahindra closed above it's weekly resistance with good amount of volume. Resitance level was also coinciding with 38.2 fibo level. Good stock for swing trading.
ICICI bank crossed it's multi week resistance today. RSI crossed 60. Buy if the closing is above the resistance level market on the chart.
Keep an eye on Natcopharma above 665 level. This level has been tested thrice in last 2 months and it may break this level this time. It can give an upside of 40-50 points after the breakout. Strictly wait for the levels.
Go long above the resistance or wait for a pullback.
It succesfully closed above it's gapped resistance. The volume here is the key. Look at the volume and also closing above 200 ema gives congruence. It is also making HH and HL on a daily time frame.
It broke it's weekly resistance with good volume and gave a pullback entry also. Go long above the marked area.
It is trading near it's weekly resistance of 103-105. Go long on Mothersumi if closes above 109 tomorrow. Upside can be seen till 130 and 150.
Nifty is trading in this zone since last 1 week. It will explode on either side very soon. Keep an eye on the levels.
It can be a good buy above 185-190 level. Buy 50% here and rest above 206. It's a positional stock.
Chart is for educational purpose only. Levels are mentioned on the chart.
Even has a strong resistance at 9432 and strong support at 9356. Second resistance is at the level of 9456. Banknifty and nifty opened huge gap up and then traded sideways for the rest of the day. If tomorrow morning, this resistance is not broken, then nifty may trade in the same range again.
Banknifty is range bound for the rest of the day. You can see movement either side if the support or resistance is broken. Today's movement is same as tomorrow's.
A double bottom formation is possible if the stock comes down to 31 level. Huge breakout is possible if it happens.
5 days EMA just crossed the 8 and 13 days EMA on the weekly chart. Target @700+