As news about restructuring has to clear the doubts and then only may be direction for movement will be seen. As far as chart observation, cup & handle break out is observed.
Comments in the chart is provided!!
BE CAREFUL IF ONE WISHES TO ENTER LONG.
There are number of resistances, from now onwards!
WATCH. PLEASE SEE THE CHART FOR COMMENTS.
Is it getting readied for leaping higher lvls??
DECISION IS YOUR CALL. THE MEDICAL INFO PROVIDED HAS TO BE VALIDATED BY PROFESSIONALS WHETHER GLENMARK PRODUCES THIS DEXAMETHASONE.
HEAD & SHOULDER PATTERN OBSERVED. BE CAUTIOUS.
I HAVE SEEN A LOT OF RECOS FOR BEL TO GO LONG. I WAS INTERESTED TO LOOK INTO THE CHART. WHAT I FOUND IS DIFFERENT. AS THE RESULTS ARE EXPECTED, BASED ON THAT TAKE A DECISION, IN CASE ONE WANTS TO GO LONG.
With RIL, HDFC Bank and others likely to come down and ITC to go up, which SIDE the index will take??
Good Q4 along with future plans should see the target easily achieved.
It seems the price is likely to move to T1 (as shown in chart). T2 may not be reached. But, as a matter of study is marked. Let the price break down the bottom channel line @ 1714.