Fed bank looking attractive and resistance cleared on closing basis
view is long, with key levels marked in the chart, there is visible c&h pattern on daily
purely basis RSI and Trend lines - SL 3500
check previous post on the monthly TF, and here we see in the daily TF, long view with SL 1510 (beautiful rounding bottom pattern)
in the monthly chart, 38.2% retracement is complete and base formation appears to be done. check the next post with daily chart for key levels
on monthly, has a hidden bullish rsi div (dont ask me what it means :P) weekly charts show good strength and expecting upside with SL 1850
fundamentally looking good...
my analysis is showing nifty media is ready to move up.... zee is one of the constituents which will also move PS: I prefer keeping my studies simple, and use the minimum no of indicators, this is what i learnt from my trainer - overanalysis = paralysis
guys, i've started looking at company fundamentals off late, to identify the positional picks... so one can say, tadka of FA on charting, to identify multibaggers. lets see how this one does..
c&h formation, macd, all indicators are suggestive of longs
this is a late post - my entry has been at 102-106.5 levels...