Weekly breakout of an year long consolidation Trading above important moving averages.
Stock price showing reversal on weekly chart and trading above all moving averages.
IDFC LTD has established a major price breakout on daily and weekly chart. It is a multi year breakout and indicates major turnaround. Stock price was facing stiff resistance at 67-70 range and it was rejected from this range twice in last 3-4 months. Stock price now managed to close above 71 with good OI addition in future price. One of the best bet for long...
Tata Steel first gave a weekly breakdown and then again established a weekly close below 100 after retest of breakdown level. It is in a downtrend which will get negated if stock price establish a weekly close above 106 and then above 115 to start the fresh uptrend. Until then, it is in downtrend and may slide till 82 and 75.
Negative crossover observed at UPL chart on both daily & weekly timeframe. Weak market sentiment can drag it till 620 if it sustains below 680 levels. Short Trade can be initiated below 700 with SL above 720.
Highest weekly close in weak market. Consistent wealth creator. Strong weekly chart. NSE:TATACHEM