light_kumar

light_kumar

i think it has given multi year structure breakdown.. breakdown of 11 years old structure... rare event, and retested the breakdown point as well.. my view is long term bcz my work is on monthly time frame.. MIND you, if this breakdown holds.. then it is a once in a blue moon type of event.

light_kumar Updated 

it has formed cup- handle target 2855 then 3000

light_kumar

I think it may retest or may without retest touch 219

light_kumar

If MARKET support then i think in times to come, this is going to give good return.. black resistance lines r my targets...

light_kumar

DETAIL CHART

light_kumar

DETAILED CHART WITH RSI DIVERGENCE

light_kumar Updated 

NEED A BREAKOUT, cup handle formed as well

light_kumar Updated 

If it gives downward channel breakout,then next 1-2 week will be crucial. I think till will give breakout bcz there is buildup along with volume near resistance zone. lets see. Do anything only after breakout. Tartget r mentioned for short term, this is weekly chart.

light_kumar Updated 

Sunpharma is range bound, Selling and Buying zone is mentioned. Any Big movement may happen only outside the range.

light_kumar Updated 

If this pennant gives a breakout then target 900, T2 1000 T3 1050 T4 1100 r possible.

light_kumar

Monthly chart of sunpharma has given a brekout. But bcz its on a monthly chart it will take much time in giving movement.

light_kumar Updated 

SBI downward channel breakout, now in uptrend.. if it breaches the selling pressure zone comfortably then huge rally is expected..

light_kumar Updated 

if this downward trendline breaks, Rally after this can be expected.Those red and black lines r targets.

light_kumar

Uptrend Channel and its target.

light_kumar

Simple support and resistance of SBI Cards share