TATA POWER ,1D showing inverted head & shoulder pattern.
Long only above Level 64.
All the levels are marked on the chart.
Correction may happen in the market, so price may retrace max. till the yellow line and may take support there.
PS: all analysis are for education purpose only.
AFFLE , 1D Chart formed U shape & Gives Breakout. Can Go LONG above 3146 only for Positional or long term.
If Price opens below 3146 level then it may retrace back to for CUP & HANDLE pattern, I would buy On Dips till the Support Zone (also Gann static Level) , In both ways Stock is Bullish.
MACD : Bullish
STOCH RSI : OVERBOUGHT (price may form Cup& Handle ...
NIFTY 50 : P/E = 34.73 :(
STOCH RSI = OVERBOUGHT :(
Nifty 50 is currently all time high. :)
Trend-line Resistance is at near 13200 level and also GANN Static level is at 13000 - 13225.
Trend-line support is at near 12460 level
Also noted, there is a support zone at same 12460 level on Weekly time frame, which makes it a strong...
EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace...
Fortis Weekly chart forming CUP & HANDLE , and 1D Chart forming U pattern..
Highly Bullish for approx 1 month holding for 20% gain only ABOVE 145.
As there is a 50 moving average resistance near 145 level.
Buy only above 145 .
CYIENT making CUP & HANDLE PATTERN on DAILY as well as on WEEKLY CHART.
T1 - 443
T2 - 453
T3 - 463
SL - 400
Note : Profit Booking may Happen Soon... so the prices may retrace a little , so add more in dips.
MOTHERSYMI forming wedge pattern, with position target of 129.50.
Trade according to chart. ADD near 108 - 110 ,if retraces back for bigger profit.
Right now price near trend line resistance, watch out for breakout