Shashikumarcm

Shashikumarcm

MCX is found with Strong Divergence in daily time. And in monthly time frame support zone is 1300, and exactly from this zone it's bounced back. their is a resistance at 1450 and trend line with degree of 20 from high. If Stock able to close above 1450 with volumes. As quarterly results are also good, we can expect a sharp up move with target up to 1700-1800.

Shashikumarcm

Moving with in range. Strong bounce from support. daily RSI is abound 60. EMA 13 is crossing over EMA21 from below. Since four days trading in small range range after bouncing from support.

Shashikumarcm

After breakout from symmetrical triangle pattern, stock making higher highs and forming support at lower levels. Making fresh trend line breakouts. Stock will find strong resistance at 40-45 price range, If crossed can move up-to all time high 60 price range.

Shashikumarcm Updated 

By applying 1 Standard deviation levels for 5 days and Dynamic Gann levels at 0.25 and 0.75. If Nifty crossed 0.236 levels(14810-14820) upside we can find more rally towards 15000. Major resistance at 14340-14370 range. And If Nifty crosses below -0.236 levels (14550-14540) we can see more fall till 14450-14400 levels. Their is a major support at 14200...