NB Ventures is poised at an important resistance zone which has been tested earlier too. If it crosses this zone then we can expect a good rally from here. Kindly note that the BV is around 268 and PE is only 3.55 while sector PE is 20.Keep on your radar.
Will ZEEL break the resistance or Not. ZEEL has been consolidating from 24 March 2020 in an ascending Parallel Channel. There is also a long term Trendline @231.80 which would act as a strong resistance. So if it breaks them then we can go long for T1 - 262 T2 -304.
Bank Baroda is at a Strong Resistance Zone. We have to wait and watch whether it breaks the Zone to see an upside. Keep on Radar.
ICICI Bank is forming a reverse Head and Shoulder Pattern on a 2 H time frame. The next support would be between 309 -311. There is also a negative divergence on the RSI. Can go short on Monday
A Bullish Flag Pattern Being Formed on Maruti. Can go Long when it breaks the upper trend line for a Target of 5600
1346-1360 will prove a resistance. So can buy above that for a Target of 1450.
Bearish Divergence on the short Term. Since the price action is above the 200 EMA we have to be looking for long opportunities and will have to wait for the pull back and then break above the resistance in future to go long. The nearest major support is around the 378 levels and we have to see if it comes down to touch that level before making a break above the...
On the shorter time frame like intraday can short
TCS Has broken out of the triangle on 13.3.2018 and then pulled back to touch the line. Waiting for it to bounce ro the negative. Please comment