Ref chart...
Ref chart
Reasons for Buy: 1.Stock has taken reversal from its strong and important support level with high volumes. (Inverse C&H) 2.Made Doji after a consecutive price fall 3.Oversold position Negative Factors: 1.Still in downtrend (it has to cross it's upward trend line,so may expect short term reversal, it it break then it is a good buy. - ref chart)
Reasons for Buy: 1.After a long run stock took some rest and get ready to start a new journey from its retrace level. 2. Positive signal in RSI 3. Upcoming Q3 result ( expect positive result) Negative Factors: 1.Nothing specific
Reasons for Buy: 1.Stock has taken reversal from its strong support level with decnet volumes. 2.Made Bullish bar reversal after a consecutive price fall 3. Oversold position Negative Factors: 1. No raise in Open interest & Delivery Volumes
Stock has breakout from its lifetime. Reasons for Buy: 1.Bullish bar reversal and Long time breakout in Cup pattern 2.Open Interest raised by 12.89% 3.Delivery Volume spiked by 65.32 Negative Factors: 1. Volume not supporting 2. May even form Cup and Handle also.
Stock is consolidating and try to breakout in the above mentioned level. Also kind of reverse H&S pattern is seen.
Stock bounce back from its support with high volume.
Stock made a Hanging man with volumes, and also considering the Q3 results issued yesterday, can plan for short as mentioned.
Refer Chart. After the downtrend, stock looks to change the trend. But i am expecting Q3 result is not great.let us see the price action after the results.
Strong bear candle with significant volume, also open interest is down by -9 %.
CMP Target 1: 4238 SL: 4384 If it break 4235, then it may go till 4010..
Buy above 10925 Target of 11030,11100 Stop loss 10666
Buy above 1480 Target 1498, 1510 (if breakout) Stop loss 1445
May broke it's triangle breakout. Buy above 935 Target : 941,948 Stop loss: 921