The trendline which used to act as resistance is being converted as support and tested multiple times. Will the trade take support at support line to hit previous high's and beyond. Not sure, but yes a long on Nifty50 scrip seems logical from a long term point of view as the scrip trading well below 50sma. Please perform your own analysis for SL and Profits....
Long on Tata Elxsi
Scrip has shown positive signs of a breakout before going to the consolidation zone. Results upcoming shortly could trend the stock in an upward direction of 7-8% to observe and learn.
Be wary of downside too, if the channel is broken or 4800 on closing basis would not be a good sign. Please perform your own analysis.
Pl note: Not a...
For quite sometime, TCS moves below the 50MA taking a support from the trendline and zooming to trendline on the top. For confirmation, its advised to wait for a positive momentum in Nifty50 to see a positive trend TCS.
For secondary confirmation, wait for TCS to move up above 50 MA for a positional target at the trendline. The same can be seen using the 1h time...
Pretty positive trend shown by NMDC, broken the trendline with Target1 and Target2 and beyond.
SL is pretty close for R:R for 1:1.5 or 2.5
Not a recommendation though. Please undertake recommendation from your Financial Risk Advisor or personal judgment for trading.
Bajaj Finance stuck in consolidation zone for too long. Its at the juncture from where it can break out if the market sentiments are good for the upcoming week. However, the results of Bajaj Finance aren't satisfactory enough for the push.
Scrip good for analysis.