YESBANK ... Do you remember? I remember SATYAM and YESBAN K for life time.
Buy in steps is not a bad idea on this stock for 2-month s of investment.
Price is falling as expected, I hope this is not initiated mov e. If this is an initiated move, then we will see respoinsive move or result to up side move.
Just wait for break out any side price rotatio n before action:
More... and More view can help for these type of stock... Personally I want to enter in this stock ... still waiting... what is your think?
I told you short nifty future march with level and I have sold it also. Booked profit by me... Below is the full detail of the analysis.
Kindly comment " Should I write discripation of this pattern or NO ?"
The " price rotating " while volume is increasing that will result you big and surge move in single direction . 70% chance is break up and made new high because of above statement. I don't suggest taking any action in this type of uncertain case . Our First target has been achieved of short position :
Low Rs. 33.85 (Support Rs. 33.35 ) Created high Rs. 42.7 on Friday . Little correction in easy target Rs, 43.35 Hope, you enjoyed this analysis:
Hard to substain or maintain channe l in this case. Bearish Mode.
---> My eye always travels from right to left looking at the more recent data and scanning back when I apply FIB RETRACEMENT. As a trader, you now want to know where the market should not go . As per this statement, 10709 is a very crucial level. If the bottom is still not out then, Resistance and Confluence zone at 100038 . I have applied here 3 Feb...
Just observe the chart minutely. Everything is +ve on this stock except the Indian market index. We already cought the top in past. but now we are going see bottom soon on this stock.
Again you will get a chance for selling. This recovery and the reason behind it. Investors has still fear. The question is " What will be level for sell again ?"
Below URL has complete trade setup for TATAPOWER , Low of TATAPOWER Today is @33.85
Decline wave o r 2nd pick was with acceleration.
Trade Setup : First Buy @Rs 36 nearby 2nd Buy @Rs.33.35 Eye on the long term: Major Supports and Resistance S 36 S 33.55 as per channel