HDFCBANK has crossed the 61.8 Fib level, which it has been facing resistance from past 2-3 weeks. The next target can be 78.6 Fib level i.e, around 1148. (Both RSI and MACD also indicating a positive signal) This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the...
Cochin Shipyard( NSE: COCHINSHIP) is formed bullish hammer candle on Weekly chart. The candle is closed little above the 38.2 Fib level, which it has been resisting for the last few sessions. It gave a breakout with good volume both on daily and weekly charts. We can place our target as next Fib level i.e, 350. This is as per my analysis. Happy...
CoalIndia is looking bullish. It has successfully crossed 23.6% Fib level with a good amount of volume. There is resistance at around 150. As per Fib, the next resistance is at 156. This is as per my analysis. Happy Investing. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any...
BajajFinance (NSE:BAJFINANCI) has closed above the 61.8 Fib level. The volume is also good compared to the previous day. As per Fib, the next resistance level is at around 3360. This is as per my analysis. Happy Investing. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
BHEL has closed a little above 38.2 Fib level with good amount of volume. The next resistance is at 50% Fib level i.e, 39.75 . We can invest in this for the short term with a stop loss a little below the current Fib level. This is as per my analysis. Happy Investing. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free...