MGL has been forming higher highs and has been taking support on the trendline. And now again it is back to its trendline and formed a reversal bar on the weekly timeframe. The target would be 20% from the cmp.
The stock has clearly made double bottom which is used to make lower lows which indicates a break for the downtrend temporarily. If the stock goes to the recent swing high that itself gives 10% returns. SL should be the recent low
It has bounced back from this level like a king twice back in the past. One can see an inverted cup and handle pattern too. But until it is moving above the zone I'll be maintaining a positive view on Chola fin.
Looks like it has broken and sustained 2 important supports today. If a strong engulfing pattern isn't seen tomorrow we can expect further fall in Tata motors.
Looks like it has decided to move to the 3600-3700 range. But overall its a good buying zone. But if we see a strong reversal from the 3600-3700 zone that could be a good risk-reward trade for the short to mid-term.
Bandhan Bank has been moving in a channel and right now it has 2 important supports one channel support and a horizontal zone. It can be a good entry with a super risk-reward for the short to mind term.
As nifty energy is at support one can see a similar pattern in IOC too and right now it's in consolidation too. Risk reward is very favourable with a stop loss of 102 on a closing basis.
As per the chart, it has been taking the lower line of the channel as support. Can expect an up move in near-time future.
Has fallen enough. Now one can expect a bounce-back or may test the zone for a bounce-back.
At a lower level of the trendline. If the market supports we can expect a bounce from this level. Let's watch
Moving toward a lower trendline. Today's candle broke its short-term support too.
As of now, one should maintain a neutral view trailing to their profits,
Looks like ready for an up move to the upper line of the channel.
Looks like moving in a channel and prepared for a down move.
Looks like it paved a path towards its previous lower trendline.
Nifty auto has been taking support from 2 trendlines and looks like moving in a channel. Now need to see whether trendline can act as support or not and then should take a decision
Moving in a parallel channel. Look for a breakout to hold else better trailing.
Chart looking good at cmp. This level has been acting as good support. Fundamentals aren't bad. Not a company having so much debt. Covid created some impact but performance has seen some recovery. If not for the long term can be taken for a swing trade if one finds a reversal.