KEI looks good at this level technically. It is consolidating after a good rally from 375 to 525 and the volumes are less so it indicates that sellers have dried up. May give upmove on break of 495. Do keep a stoploss as per your risk.
CAN GO LONG IN YESBANK AT CMP WITH 10% STOPLOSS FOR TARGETS OF 600 FOR LONG TERM. IT HAS FORMED A MEGAPHONE PATTERN BUT THE PROBLEM THIS TIME IS THE FALL IS MUCH QUICKER SO THERE IS CHANCE OF BREAKDOWN SO IT IS A RISKY BET BE CAREFUL. SAFE PLAYERS CAN WAIT FOR BOUNCE.
CROMPTON HAS FORMED HNS PATTERN WHICH IS A BEARISH PATTERN ANY BREAKDOWN BELOW THE NECKLINE CAN TAKE THE STOCK TO 140-135 RANGE KEEP WATCH. STOCK BOUNCED A BIT FROM THE SUPPORT LINE AND FROM 100 WEEKLY EMA.
JET AIRWAYS IS AT ITS CRUCIAL SUPPORT LEVEL ANY BREAKDOWN WILL LEAD TO A CRASH LANDING FOR THE STOCK. AS YOU CAN SEE STOCKS FALL IS REDUCING NEAR SUPPORT SO ONE CAN GO LONG WITH TARGETS OF 3X FOR 3-5 YRS TIMEFRAME AND WITH STOPLOSS OF 235. SAFE PLAYERS CAN GO LONG ABOVE THE HIGH OF PREVIOUS CANDLE.
go long only if price closes above 50 and 200 EMA and also by seeing price action it looks like head and shoulder pattern is forming confirms only on close of above 161.long above 143 with stoploss of 136 and targets of 159 and if breaks 163 then 175/185/205.
WELSPUN INDIA HAS FORMED DOUBLE BOTTOM PATTERN AND VOLUMES ARE MORE ON RISING DAYS AND LESS ON FALLING DAYS IT ALSO GAVE A SHAKEOUT NEAR BOTTOM AND ALSO BROKEOUT TRENDLINE WHICH MAKES IT A GOOD BET. ONE MORE THING NOT REALTED TO TECHNICAL BUT IT IS FUNDAMENTAL AS THE RUPEE IS FALLING IT IS GOOD FOR WELSPUN AS IT EXPORTS 90% OF IT GOODS TO FOREIGN COUNTRIES AND...
apollo hospital making lower lows but the difference between each low is reducing which is sign of reducing bear strength. it has also broken trendline which represents that trend is about to reverse. one can go long for targets of 960/994/1030 with stoploss of 923
by seeing charts it looks like stock has formed a good base and it is ready to move upside. it broke the trend-line pullback done now it has to move. view invalid if price falls below trend-line and sustains.
by seeing charts it is clearly visible that bear strength is reducing so we can expect this carnage in smallcaps to be completed in near term. I have posted some similar setups in my previous posts which have been successful so expecting the same in smallcaps fingers crossed
previously when escorts made a double bottom pattern formation with the support of 200 daily ema it gave a huge rally and this time it has similarly formed double bottom pattern formation with the support of 200 daily ema so can we expect same rally this time