BHARTI Airtel has fallen more than 10% and started a range bound move......
Usually after a fall if a stock comes under range bound moves it means the stock is
under accumulation stage.
If the stock breaks the upper zone with
volume it will be a fantastic breakout the
Stock may zoom from that breakout level
ONGC has taken support at 50% Fib zones and bouncing back to next fib levels.
111.25 is one of the strongest resistance for ONGC if it manages to close above
this level bullishly with volume we may target for 115.5 to 116 levels for short term.
The stock has been in a bullish wedge pattern and has broke down from the support line.
Has it is a pharma stock it might not come under severe selling pressure but short term
bearishness can be seen in the stock with the target of 700
NSE : RAIN INDUSTRIES
Rain Industries was in a down trend for past 3 years.
On the weekly time frame 50 % Fib Retracement stands at (115.55-138.15) zone.
This zone was acting as a strong resistance for the price to break this level.
From the march low, the price strarted to take support on a bullish trendline and forming higher highs.
and the price was in the...
NSE: LUPIN has formed a descending wedge pattern and is ready for break out.
it has tested the resistance for 4 times and touched support trend line for 3 times.
Any break of the upper trendline is a good buy on LUPIN with a target of 970-980 zones
Nifty has to sustain the level 13953 & 13930 to continue it's uptrend.
If it breaks expect Nifty to drop towards the level 13588-13696 level with aggression and heavy momentum. The fall will be with extreme volatility if it breaks.
Trade setup is as follows.
1) If Nifty rejects the 13950 level and takes support forming any bullish engulfing candles at this...
