#RolexRings tried to cross 1350 levels three time in 6 months of 2022 and as successful in doing that 3rd time. After which it gave 40%+ return in 2 months
#MonteCarlo shares breached the resistance of 740 last month with higher volumes.
Then after retracing it tested 740 as resistance and now moving upwards. I expect a new life time high above 830 in coming weeks
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#JamnaAuto took support 3 times at 97 levels and faced resistance 2 time at 124 level.
Broke the range on 3rd attempt on upside with huge volume.
Retracting the check support at earlier resistance level. If it rises up from here then new upside range opens for the stock
Along with #chemcial another sector which is witnessing buyer demand is...
Multiple Instances where #vinatiorganics tried to break this range.
My understanding is if it manages to closed above 2200 in this week, that should open up new range.
Whole #chemical sector is witnessing buyers
LTP 2207
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Triple Top
This time it is a high chance that it will break this. Wait for close above 3160 and then stock might be set from further new upward journey
supported by its new found product applications and extra demand from new technologies like Electric Vehicles and 5G etc.
NIIT Technologies Short position suggested. Reasons:
1. Three black crows candle formation
2. Increasing open interest with with falling price suggesting short positions
3. Second time hitting 200 SMA as well as EMA from above and closing below it.
4. RSI falling and in weak zone
Short trade suggest. Follow VWAP trade and have a watch at open interest data....
BPCL continues downtrend. expected to be heading towards 340 level.
Negative indicators include:
1) CCI below 100 crossing from above
2) New Shorts initiated with falling price but increasing open interest.
3) William %R below -20 crossing from above indicating bearish
4) Increasing Oil prices result in more under recoveries. Subsidy burden sharing history might...
