Since De-merger, The company has been in declining trend. Company was consolidating since long time and in recent times after the Reliance acquisition news the Company has given almost 200% return. Looking at longer term chart, Will it make a CUP Pattern or CUP with Handle? If YES, Still there is room for 15x to 20x. Dis: Invested.
Nifty is continuously trading below trend line since last 3 days. We expect to remain under pressure for the day. Sell position can be generated with stop loss of yesterday;s high 10722 for target near 10605-10600. Nifty has given gap opening, It likely to fill gap in intra day session.
Tata Motors DVR has witnessed a falling knife since last one year. Price has came extensively down, Now there is support zone near 70 level. We are expecting tata motors dvr to bounce back from current levels till 140 initially. Daily and weekly charts has positive divergence where we can see that prices are making new low but RSI is turning upwards which...
Nifty is continuously failed to sustain above 11000 mark level with extend supply on every high. We can expect downside movement in coming days. Head and shoulder Chart pattern has position formed on weekly chart that can be extremely negative for price movement. Below 9550 neckline support, We can expect downside movement till 8100 in coming days.
Prices are taking support at Gann fan trend lines. Long term buying suggested