Watch for newer highs in this counter - SL given on the charts
On the back of good performance by PSU bank shares, Nifty PSU Bank index is approaching an important resistance which could indicate of the continuance of rally or reversal. All levels mentioned on the charts.
All steel stocks are technically and fundamentally bullish but SAIL looks great on charts
Levels mentioned on the charts - looks good upside if the resistance is broken else maintain SL at support line - good RR trade
Multiple indications and good risk : reward in going long at cmp
Track this for a breakout/ breakdown - might run for a few weeks once trend lines are broken
TCS is once again at its resistance and looks like it is ready to breakout and fly
Piramal enterprises made a bearish engulfing candle in Weekly charts at resistance - can go short
Nifty has formed a perfect bearish engulfing candle on weekly charts. Bearish engulfing suggests a 1:1 RR which means another 400-500 points fall within 1-3 weeks. Educational purpose only - trade at your own risk.
Look to go short when the EMA support breaks
Levels mentioned on the chart - reversal from support is a bullish sign and break of support is an opportunity to short
Levels and details mentioned on the charts - educational purpose only
Nifty 50 appears to be making a proper RSI Divergence on Daily charts - It remains to be seen if Nifty will the technicals or keep up with the bullish momentum!
Cummins broke the cup and handle pattern today. Facing resistance at 100ema above that could be a good buy. Levels mentioned on the charts.