The market is highly volatile over last few weeks and its still on down trend even when the market ends on green today. For tomorrow 30th Nov, 17050 acts a resistance. which will also be the crucial point for Nifty tomorrow.
Exide is forming a triangle on the weekly pattern. support seems to be very strong on 170s. on breakout, we can expect 70% profit booking from the current level. however, still more time to accumulate.
Trident had hit its UP over last few days and considering the RSI and MA the share may hit the support to fill the gap. Probably the support at 40-45. Long term investors can accumulate and short term swing traders can use the opportunity to gain 20-40% on significant reversal. Let keep an eye. #accumalate #longterm
tata motors resemble the evening star on the daily chart probably go down a bit. #Evening star
TataSeel has broken the regression channel but still, we have the resistance at 1270 and 1286. On day it on downtrend probably we need to look out for the R . #TataSteel #Channel #Secondaytrend
After consolidating a month within a range of 475 - 520 tata motors is reflecting a flag pole pattern and expecting a huge reward once breakout. #short
On technical analysis found that there is long muti time frame triangular pattern as a primary trend and we have a channeled secondary trend that is nearing the breakout and has a higher probability of moving upside in the near long term. Can buy and hold on the dip. *Only for Learning Purpose*