The chart shows the demand and supply zone in USD-JPY pair. The pair is unable to sustain above 114.50 and below 104.50. This broader trading range is followed since year 2017 till date. The pair had broken down on wedge like pattern earlier and fell to 104.50 and then again raced back above 114. Then again the same wedge like pattern is formed and the pair has...
The stock is likely to fall to 55-60 levels or else it can see a phase of consolidation between 60-70 levels.
I believe it can give a sharp bounce back to 120 levels (50% retracement) if 50 level (s/l) hold.
Newton's third law: Every action has an equal and opposite reaction.
Remember the sharper the fall, the sharper the rise.
The stock has rallied on smart money earlier and higher earning expectation and clocked a high of 970+ and later fell down drastically.
I have noticed Pension funds buying on bulk deal column. I feel optimistic of the stock as the fundamentals and management is good and has the capabilities to pull off large infra projects.
Technically, it's trading below it's...
ADITYA BIRLA MONEY CAN POTENTIALLY BE MULTIBAGGER, REMEMBER ITS FACE VALUE IS 1, IS ONE OF THE NBFC WHICH HAS DOWNPLAYED THE MARKET. TECHNICALLY AFTER MAKING A BOTTOM AT 10 FOR A CONFIRMATION OF DOUBLE BOTTOM AND THEN A BASE FORMATION AT SUPPORT AT 20, ITS FORMING A TRIANGLE WITH A BREAKOUT ABOVE DOWNWARD SLOPING TRENDLINE. IT CAN MOVE ABOVE TO LEVELS OF 46/59/68....
Dabur is following a cyclical pattern of fall and consolidation with a base formation around 260-265 zone. On breakout above 280, Dabur can make a upmove towards 320+ levels. a double bottom formation has also completed in in.tradingview.com chart.