Scrip can show more weakness pertaining to adequate volume trading for selling in past few sessions, gone below support crucial levels and still not showing much sign of reversal in Day chart
1) Price action also gone below SMA-200
2) %william also struggling to show sign of uptrend from oversold situation since last 14 days and struggling in similar...
Scrip can take reversal and aim towards 52-week highs if bullish momentum continues as happened in the past post company posting good quarterly results however, subject to Nifty not showing major corrections
Scrip can rebound owing to fine YoY Q1 results after going down below support levels and falling below 200-SMA forming morning star pattern however,confirmation is yet needed
One can aim for resistance level 1 and beyond if it goes around entry range wherein, the close of last candlestick should show above the preceding candlesticks real body
Scrip has shown some sign of reversal with green candlestick engulf at the downtrend although the real body of green candlestick closed at below of preceeding candlestick so will wait for further confirmation before entering at entry range defined in chart towards resistance levels
The scrip is nearing 52 week low levels however scrip can take reversal now if bullish momentum is gained owing to :
1) Reversal with good volume buying at support levels after continuous bearish trend
2) %william showing uptrend (surge usually results in pullback at top levels so wait for the confirmation at entry range)
3) On day charts, Bullish spinning bottom...
Scrip can go for bearish reversal owing to formation of abandoned baby on top (day chart) and %william showing downtrend after sudden surge of uptrend
Short (if formation of bearish engulfing appears next to reinforce the trend)
at 127 towards TP = 125,122 (end of body of prior bullish candlestick)
Rounded top pattern from double bottom usually results in downward bearish (continuous) trend however %william showing uptrend from oversold situation
Targets defined in chart for both bullish and bearish trend (short) after gaining momentum from neckline levels.. SL can be taken as per risk appetite
Scrip has moved down on descending channel pattern with trendline around lower highs and lower lows on 30 mins chart
1) Dragonfly doji candlestick at end of bearish trend showing sign of trend reversal 2) %William showing upward momentum
Aiming to enter at 433 after momentum confirmation towards TP = 438, 440, 442
at 428 towards TP =...
Scrip can show uptrend trend towards resistance from lower ascending trendline (support)
Trade can be started post confirmation (entry range) as mentioned in chart aiming towards resistances and breakout from ascending channel
Other factor supporting the reversal :
1) %william showing uptrend from oversold situation
2) Bullish (green) harami formation can be...
The scrip has seen strong price action (surge) today with increase in buying volume and about to break resistance (c) level, 52 week high
Ascending channel seen in formation
Declaration of good Q1fy18 result YoY
The scrip can be seen to rebound back from crucial levels by inverted hammer as it could have breakdown by bears taking control if gone below from rising wedge
Chances of bullish reversal due to:
1) %william near oversold situation and showing upward trend
2) Good fundamentals and recent show of results -...
Scrip can rebound back due to :
1) %william showing uptrend from oversold situation
2) Morning star pattern in the formation (Green engulfing candlestick required to complete the formation)
Trade can be started after it crosses 383 aiming towards resistance and neckline levels. Beyond neckline bullish surge and breakout could take it to target price =...
Scrip can see reversal owing to
1) %william near oversold situation
2) Good fundamentals - Share accumulation by investors due to good YoY results - DCB Bank Q1FY18 standalone net profit rises 38.7% yoy...
Planning to short the stock after evening star bearish reversal (Day chart)
%William also showing downtrend from overbought situation..
Sell at trigger line - 223 with aim to book profit (buy) at 211 or below if there appears to be more downtrend
SL in the chart
Trade at your own risk :)
Scrip has seen after exceptional high buying volume due to which it had taken off to resistance (C) level. Thereafter, following reversal of trend, the scrip has come back to it prior resistance levels where Selling all positions to liquidate holdings in the market is not uncommon.
Exhaustion gaps are quickly filled as prices reverse their trend...
Post Q1 YoY results which have turned up positive for the bank with net profit up 32 per cent at Rs 30 crore in April-June
As positive news have a strong correlation with future stock performance and traders/investors sentiment, It can show bullish trend and reach resistance 1 besides dark cloud candlestick formation
The trend can go up due to less volume trading...
Scrip is near the breakout range followed by double reversal. Anticipitaing it to reach Resistance (target) after crossing 52-week high and breakout
Volume of buying has also been on the rise..
Will trade after bullish confirmation around price range = 210-215 so as to ensure it doesn't retrace back towards crucial support levels forming triple bottom
Monsoon is in flow and the scrip has also taken strong bullish ride breaking 52-week crucial resistance after block deal
Although, corrections may happen due to profit booking by shorters and swing traders, The scrip can go...