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Can take long position if it crosses that red trend line.
Consolidating.... , being a financially well established company i wont advice to short it but wait for technical signals before going long.
As long as FII's are fueling the stock market, the banks will perform good and then the earnings time will come which will give it more boost. The only problem is DII's pulling the money from the market. follow my website for more detailed view.
This indicates that there was a significant sell-off during the week, but that buyers were able to push the price up again. The large sell-off is often seen as an indication that the bulls are losing control of the market.
Target - 515,526,535,560. stop loss - 493,483.
Buy near 730-735 with a target of 745-755, keep stoploss 716-720.
Just wait for one good volume and see it reach above 3000 once again.
Strong above 368. Risk:Reward ratio - 1.81.
Levels given. Risk:Reward ratio - 2.07 .
The decreasing volume in flag formation gives perfect trade setup for flag formation.
Two strategies - a. Trade the breakout. b. Short below 2106 for a target of 2085-2100, buy if it takes support at 2115 with a target of 2130-2140.
WEAK BELOW 21600. NOWADAYS WHENEVER IT OPENS WITH A GAP THE IS CLOSED SAME DAY, SO TRADE CAUTIOUSLY IF IT OPENS GAP UP OR GAP DOWN. BIG RED CANDLE SHOWS WEAKNESS.