AFFLE has shown consecutive Flag Chart Pattern and both the up waves have seen a retracement of Fibonacci Levels of about 61.8% (i.e retraced the 38% of the upmove). Currently it is retesting the support level at previous swing high. Main concern is the overhead supple which is subsequently great. GO LONG WITH CAUTION.
Disc: I hold it in the portfolio since 1600 level.
NSE:PRINCEPIPE has given a breakout on Weekly and Daily Time Frames. On weekly charts the RSI is also showing that the stock is gaining volume and is in the sweet 60-80 zone. Further, on daily charts the RSI is near 75 level. The stock can move forward a little bit so one can take an entry right here and further wait for retest (that is when the RSI will be in...
NSE:ABBOTINDIA has retraced 61.8% of its rally. The stock gave a #Doji reversal confirmation 2 sessions back and moved to confirm the reversal of the downtrend. Currently the stock has moved up to its resistance level and and same can be seen from falling bullish volume.
Tomorrow will be important to watch to see if it breaks the resistance or not?
We expect the...
Voltas had formed double bottom - Broke off that and achieved the target. It had become rangebound for quite some time now and has taken the Support of previous high resistance level. It had broken off the range with huge volumes and has now successfully retested the breakout zone. Can go long with a time frame of 1-2 months with open target and SL being few...
