Before going up it has to come and test the previous resistance If we can see some reversal then we can go long
Reliance shown reversal at the all time high This stock is pure speculative stock trade with cautious
Support is plotted on weekly chart Wait for some consolidation or reversal signal at this price range
I wish this patter is wrong and stock will not break the neckline because this is the stock I have invested for long term But lets see how it will behave at the support
Ministry of Civil Aviation is in talks with airlines, travel agents and the home ministry about resuming domestic flights on May 18 or earlier. Check chart for breakout
Many of us are waiting to mint money out of this stock when it start to reverse But we all know it will not move when we expect that it will move now So wait for the clear signal to entry
We cannot predict high beta stocks about the directions at the trend lines So we look for the price action at the trendline and enter the trade
Kotak bank is approaching trend line. Trade can be entered based on the price action at the trend line
Can be shorted based on the closing candle
ISEC at channel trendline Wait for the 1hr candle closing to make an entry Risk reward is favorable
In a daily time frame HDFC LIFE has given a decent breakout. Also the market is expected to open higher so positive for this
Polycab looking interesting at this price point for longterm also it has good risk to reward ratio Price is plotted on the chart
Delta corp has correct more than 85% from highs I believe at this price level downside risk is low as we have long term support below Look at the chart for the levels
Axis bank have multiple support levels to look out Checkout charts for price levels
Even though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Stocks dont double over night They need time some time months some time years If you see the 3M India in longer time frame stock doesnt move for years. That is when you ability will be tested and who stayed in the course will only be rewarded at the end So as an investors be patience until noting changes fundamentally in a company
Fundamentally strong stock available at support Lonterm investors can enter at current levels