Expect price to reverse into the green channel as it has broken yellow channel and given new high.
Can this cross the midline and go to the other side?
Can be a good pick when a bullish reversal occurs after the test of the trendline.
Difficult to sustain such a steep fall. Can change course to form a flatter channel. No Longs! Wait for trend lines
The channel says it all
Don't enter long at the moment. Refer charts for details
Has passed essential checks on the fundamental side. Small positions can be held if a good signal occurs.
The channel is holding up pretty well. A bullish reversal bar can make things interesting.
Prices in a downtrend. No point in buying until atleast a range is established.
Refer chart for details
Stock can spring back to 21 ema.
Yes , I know it is difficult to trust my post given the disaster of the previous measured move. However, this time I post with a disclaimer-- Predictions will be valid only when 11900 level is broken before . Time duration for the targets to be hit: Target 1 12400 3rd Dec 2020 Target 2 13600 12th Jan 2021 Target 3 15000 2nd March 2021 Basis: Measured...
Congestion. Top of the trend channel. Prices can reverse to the trendline. Don't enter.
Despite touching the trendline, prices were not able to bounce back to the channel line. This points to a change in price action and calls for caution. Possible range shown.
The stock has touched the trend channel line. Expect it to move towards the trend line. However, a range has been observed since september first week.
Overall a sideways price action. Bounced off the support. Those who have bought can keep SL at 332 and aim for 380, 400 (To allow an opportunity for exit, prices quoted before trend line)
Investors should look to buy at the support. Breakouts usually fail. But, expect breakout to sustain when in direction of the trend.