Technical Observations: 1) Cup & Handle Formation (Daily Framework) 2) Falling Trendline has been Broken & the Price has made a healthy retracement. 3) RSI at a Healthy 60.82 Zone NSE:GAIL Ps: Not a Buy Call/Investment Advice - Market Analysis Idea Sharing Only - Please Do Your Own Research. Happy Investing, Stay Safe & Protect Your Capital
#BHEL - Inside Bar Pattern - Formed on Daily Closing Basis Break-Out & Break-In Pivots Mentioned in the Chart Levels Mentioned in Chart PS: Tech Analysis Only - Not a Recommendation for Trade
#PNB #PunjabNationalBank Inside Bar Breakout (Daily Basis) - Volumes increased with Breakout Moving in a Parallel Channel (Moving off the lower channel) Targets: As mentioned in the chart Ps: Analysis ONLY - NOT a Recommendation
NSE:POWERGRID Cup & Handle Pattern Formation (With a Inside Bar Breakout - Weekly Chart ) & Three Retests at 187 Resistance Zone. Weekly RSI: Ranging b/w 55-60 Can Expect Breakout - Anytime Soon (Daily Volumes must be a Good Indicator to Confirm) Possible Targets: 200 - 205 Fundamental Pros: Good Dividend Yield: 4.15% Low PE Ratio: 10.20 (September...
#ONGC : - Multiyear Trend Line Broken / Golden Crossover (50/100 Ema) - Forming on Weekly Chart - Moving in a Parallel Channel of Resistance & Support - New 52 Wk High Formed - Possible Pull Back into the channel b/w 135-140 Zone towards 120's Zone before moving towards 150 Zone Fundamentals looks strong: Higher Gas Price Realization & Higher Crude Oil Price...
NSE:ONGC ONGC - Analysis - Cup & Handle Pattern Note: 1st-time analysis - Please consider it only along with your own Research & Analysis - Please consider the risks involved. Good Luck !!