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JAIPRAKASH ASSOCIA, SOUTH INDIA BANK, ADANI POWER LTD, RELIANCE COMM LTD, DEWAN HOUSING FIN, SUZLON ENERGY LTD
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RSI at crucial level.
Looking at the current scenario, it may looks like CNX-Pharma may bottom out sooner. Downside may be now over or very limited from current closing.
I think it's a best time for accumulating valued pharma stocks.
RCOM (Weekly) : CMP 34
Stock has given Ascending Triangle breakdown and waiting for RSI to break the secondary support to continue with the weakness.
38-39 strong resistance or supply zone. Pattern target should be near 26 in short to mid term.
Triangle breakout on Weekly chart may suggest further strength and good upside can be seen in short to mid term.
Possible Target Approx. : 1328
Nifty : Weekly.
RSI -ve divergence (Worst Kind when occur near 70)
Could be hinting 9070 may break .. but as mentioned, no positional sell unless 9070 breaks.
Upside may be limited until lower high breaks (9183) !
Price is capped in very tight range. So focus accordingly as upside getting narrower.