To a moderate extent with inverted rounded bottom, Scrip has started to crack to where it started the bull surge from Aiming for breakdown after neckline support TP - 605, 600, 590, 585 and beyond Short entry range around 610-608 Take SL as per risk appetite
As mentioned in charts, Aiming if swing retraces back as anticipated and bearish momentum continues:: Short - TP = 410, 405, 390, 388 and beyond (if breakdown) Take SL as per risk appetite The retracement also derives strength from %William also showing downtrend and also from bearish MACD crossover.. NOTE: The company appears good from fundamental prospects so...
As mentioned in charts, Scrip might be feasible for short if both the patterns (descending triangle continuous breakdown, exhaustion gap fill up) are seen with bears dominating the scrip SL as per risk appetite Intra-day
Scrip, if formation comes in swing, Aiming for (intra-day) Upswing - TP - 410,415, 419 Breakout TP - 425, 430 SL - 403 Take SL as per risk appetite
Scrip can go for new lifetime highs with TP as mentioned in chart and SL which can be taken as per risk appetite Bull flag pattern in flow required for momentum to continue..
The scrip has seen bullish momentum and rising in ascending channel since 3 months regardless of NIFTY corrections It can manage to reach TP=115, 120 (Call 15-20 days) even the momentum continues as the trend repeats with %william consolidating in overbought channel for significant time.. Shown strong resistance and rebound from necline (support) levels around...
Scrip might see breakdown following the news LIC reduces stake in Raymond by 2.01% www.thehindubusinessline.com Rest in charts.. Follow your trading plan accordingly..
Scrip has taken bullish surge. Probably, aiming for long if momentum continues and scrip stays in overbought situation channel as per %william Rest in charts.. Follow your trading plans accordingly and try to enter after viewing momentum for altleast 15-30 mins.
Scrip might reach the desired TPs after breakout from descending triangle however, would prefer to book profits at resistance levels after entry range confirmation of bullish momentum Fundamentals Pros : Healthy dividend paying company with not so much risk involved as per book value Stock P/E: 26.56 Price to book value: 2.82 Price to Sales: 1.15 Interest...
Took major bullish surge thereon as per related idea :) Scrip might loose its bullish trend and take healthy corrections due to spinning top at the top. If candlestick formation is successful, Short opportunity as per charts.. SL as per risk appetite
The scrip can take long and reach target price defined after neckline breakout with bullish surge however, if retracement is to be seen as bears dominate over the bulls especially with huge volume, we can see the scrip going back towards support levels. Double top reversal criteria also appears to be fulfilled if the scrip retraces as the scrip has been...
Scrip showing more leverage towards bullish effect provided if the scrip stays in continuity in "Overbought" situation after reaching that level Rest in charts..
The scrip can go either ways. If going in bearish mode, The bears can manage to retrace the scrip back to its default surge start.. Chances of bearish reversal due to: 1) %william near overbought situation and showing downward trend although yet to see confirmation 2) Evening star candlestick pattern in play Bulls again taking control after breakout and sudden...
Scrip has not seen the day to "BREAKOUT" from the consolidated channel since 3 months inspite of increasing buy volume.. Shorters or swing traders can take advantage to gain short profits with the momentum. One can expect to go for long or short for quite some period after "BREAKOUT" or "BREAKDOWN" Rest in charts..
As per 30 mins. chart, Doji alike candlestick has formed after good volume candlestick engulf so chances could be and history might repeat as Scrip might pullback so one might seek SHORT opportunity towards TP as mentioned or if, the scrip manages to surge further, One can aim towards long of 52-week highs Rest in charts..
Scrip has gone through descending triangle formation from 52 week high resistance as it has seen sufficient bearish pull. Breakout goes up or down is to be decided Going below 65-67 support level would take more selling pressure or the scrip can stride up towards resistance levels It can go up as the company has Dividend Payout: 24.03% due to which masses would...
Scrip has been on the bullish trend with formation of ascending triangle Ascending triangle The ascending triangle is a bullish pattern, which gives an indication that the price of the security is headed higher upon completion. The pattern is formed by two trendlines: a flat trendline being a point of resistance and an ascending trendline acting as a price...
Scrip is seen to be getting interest of buyers after prolonged downtrend and has rebounded again from crucial support level forming rounding bottom pattern, trading volume is increasing after relative to the gap created Planning to enter as per 30mins chart for intra-day if the scrip manages to cross the neckline aiming towards TP Day chart also showing...