Just a personal view. Not a recommendation. Levels below are approx and not exact.
1335/1330-1290/1285 is a range to play. If sustains the top rectangle in red, i.e around 1337, then 1350/1360 possible. so bigger range can be 1360-1285. Trend change to bullish only if sustains resistance in green trend line.Trend bearish continues if fails to hold the support in...
1. 8 Months range Breakout with huge volumes and a bullish marubozu candle.
2. Moving averages confirm the uptrend. price previously facing resistance at 20EMA, now taking support at 20 EMA
50/100 EMA cross over seen.
3. Adding levels can be between 115-120.Technical stop loss at 109 which is below the swing low. Target is open. Short term 20 EMA can be used...
CMP:350.75
Bearish
Daily and weekly H & S #pattern
Flag Breakout on daily
52 Week low
Weekly and daily below 200EMA
Weekly supports at 340-327
Stop loss close>360
Personal view
CMP: 2051.8 spot
Looks bearish. Daily and 4 hour H & S pattern. 20 EMA/ 50EMA crossover on daily chart.
Stop loss if close above 2080
May show 2025/2010/1990
Daily chart attached
Views are personal and only for study purpose.
HDFC LTD trading at spot price of 1920.05 as on 21st Aug 2018.
After reaching its 52 week high around 2050 levels on 30th July 2018, the stock made a strong pullback and then firstly took support at EMA 50. Post that, a short bounce has been seen which is not well sustained and the price dragged towards below 100 EMA and made a low of 1881 on 17th Aug 2018. On...
Reliance Industries Ltd currently trading at 1203.75 spot as on 17th Aug 2018.
After reaching its 52 week high at 1231.7 on 9th Aug 2018, The stock made a possible pullback (low at 1182.7) and currently trying to break on upside. Price is making higher lows considering the previous rise (from 1112.5 to 1231.7) followed by pullback (1231.7 to 1182.7) and...
