1. Price Action - Check 2. Support and Resistance - Check 3. Trend line break - Check
Short TATAMOTORS if it forms a weak candle around 135 region. Targets 112.
Can it turn around by a possible acquistion? - Long term monthly charts show significant divergence.
Look at NIFTY's monthly charts beautifully following the Pitch Fork. It looks like the index is peaking out by Jan 2018 - 10500 odd levels? ( Guj, Himachal elections, earnings degrowth) and might continue in a downward spiral for the next 10 months till the 2019 elections? In case of a deep fall, then market might reach 9000 levels. Expert opinions please??
Stock has been beaten down consistently for lot of sessions. Has hit an upper circuit of 20% today. Keep an eye.
Upper circuit above 21 day EMA. RSI looking healthy. Target of 400+
RSI Divergence obvious. Stock has hit rock bottom. 2 Pinbar candles have formed which indicates a trend reversal. Possible targets - 385
As explained in charts, whenever Nifty touches the top of the BB, there is a correction. Can we expect one more?
Long term weekly charts indicate nice channel. Very good risk reward ratio. Hold stocks for 3 months and get 10 % upside?
Stock has crossed upper trend line and has closed above 20 EMA. RSI levels seem good to buy RSI Levels also has broken out. TGT - 71. Buy above 64 always
Stock seems to be forming a rounding bottom and has been surging with huge volumes in the past few trading sessions. Can we look at an optimistic target of 215 in the coming days?
If stock closed above 886, then we can look at targets of 897 and 922. SL is obviously when trendline breaks.
Stock has crossed 20 EMA and RSI is turning positive.
Stock has broken out with huge volumes in the past 2 weeks and has doubled. Previously stock has been moving in the marked channel for some time. Buy above 62 with first target of 80 Rs and SL of 46 Rs