After more than 61.8% Retracement it is showing consolidation on the weekly chart.
This is a good time for long term investors with small stoploss at Support.
A breakout will take it upward.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART BEING UPLOADED FOR EDUCATIONAL AND STUDY PURPOSE ONLY.
Jindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART...
LICHSGFIN has a presence of Divergences at Support level with good candlestick pattern and buying volume on Daily chart.
Stop loss looks like at 590.
I AM NOT SEBI REGISTERED. FOR EDUCATIONAL PURPOSE ONLY. NOT OF ADVISORY NATURE.
A move below 1830 might test support trendline.
1. SMA(50) crossed below SMA(200)
2. MACD(12,26,9) looking weak. Weakness will be confirmed if it crosses below Zero.
3. ROC(5) crossed below Zero.
4. RVI(10) crossed below 50.
1. Volume is also low meaning consolidation is in progress.
Conclusion: Watch volume.
This CHART is for Educational purpose only.