for educational purpose marico tried very hard to take a bounce but it hardle touched 61.8% of previous downtrend. Now with sl of 281 go short for target 262. if 262 comes then hold position for breakdown the lower trendline to 254.
for educational purpose berger paint is at the verge of breakout. if it closes one more day above 228 with good volume then an upmove will start which will lead it's price to 260-265. but whole market is waiting for a correction then wait for sl 223. If it goes below 220 then a swift downtrend will start upto 185-182.
for educational purpose in my previous post I wrote about upmove above 1090 with sl 1075 and a target of 1230-1250. It might be done tomorrow. But after seeing a long term 9 years a consolidation is finished and a breakout is seen today. Now go always long unless it goes below 1100 means it comes back in the ascending triangle. Till then reliance is unveiling a...
for educational purpose it is showing head n shoulder pattern breakdown below 1302 with volume then short with sl of 1320 with target of 1280
FOR EDUCATIONAL PURPOSE LUPIN IS MOVING BETWEEN TWO TRENDLINES. BUT NOT A CLEAR MOVE IS SEEN BUT A STRONG CLOSING ABOVE 1520 WITH VOLUME WILL GIVE A CLEAR UPMOVE UPTO 1680 WITH SL OF 1490. BUT BELOW 1420 A SWIFT BREAKDOWN UPTO 1270 WITH SL OF 1450. BUT A DOWNSIDE BREAKDOWN MIGHT BE SEEN.
FOR EDUCATIONAL PURPOSE ONLY DO NOT BUY HERE UNLESS IT CLOSES ABOVE 67.2 USDINR IS UNDER STRONG DOWNTREND SO THIS IS A MERE PULLBACK AFTER THAT PREVIOUS DOWNTREND WILL RESUME. BUT THERE IS STRONG SUPPORT BETWEEN 66.66 - 66.28. SO BUT THERE WITH A SL OF 66.10
FOR EDUCATIONAL PURPOSE RELIANCE IS SHOWING INVERSE HEAD AND SHOULDER PATTERN AND IT'S CONFIRMATION WILL WHEN PRICE CROSSES 1090 WITH A BIG VOLUME THEN GO LONG WITH SL 1075 AND HOLD POSITION FOR SOME DECENT UPMOVE. IF THIS TRENDLINE GIVES RESISTANCE AND PRICE UNABLE TO CLOSE ABOVE THIS THEN GO SHORT WITH SL OF 1090 AND TARGET TO 1055. BUY IN EVERY FALL WITH...
FOR EDUCATIONAL PURPOSE PRICE AND RSI MUST SHOW SAME TREND TO GET A GOOD UPTREND. BUT PRICE IS MAKING HIGHER HIGHS AND HIGHER LOWS BUT RSI IS NOT FOLLOWING SAME PATH. A SHOOTING STAR DOJI (INDECISION) AT THIS LEVEL MEANS PRICE NEEDS TO CORRECTED WITH SHORT DOWNTREND OR SIDEWAYS TRADING ZONE. SHORT BELOW 1310 WITH SL OF 1326.7 FOR 1283 N 1256
FOR EDUCATIONAL PURPOSE BERGER PAINTS IS ACCUMULATING A FORCE IN A ASCENDING TRIANGLE BUT TO BREAKOUT IT HAS CLOSE ABOVE 230 WITH A BIG VOLUME IS REQUIRED. AFTER THAT GO LONG WITH SL OF 221. IF CLOSES BELOW 215 THAN GO SHORT WITH SL OF 225.
FOR EDUCATIONAL PURPOSE PNB IS UNDER UPTREND CORRECTION AND TAKING SOME REST AT FIB LEVEL 0.382 BUT IT MAY FINALIZE IT'S CORRECTION BETWEEN 129-131. WAIT FOR CLOSING BELOW 139.
FOR EDUCATIONAL PURPOSE AXIS BANK SHOWING CONSOLIDATION IN THE FORM OF BEAR FLAG AFTER A SIGNIFICANT DOWNTREND. AND UNABLE CLOSE ABOVE THIS FLAG TO NEGATE THE PREVIOUS DOWNTREND BUT FELT RESISTANCE AT 505 AND DROPPED AND FURTHE IF IT CLOSES BELOW 482 THE A SMALL CORRECTION TO 455-465 MAY HAPPEN.A CLOSE ABOVE 505 A DECENT UPTREND WILL TAKE THIS TO 555-560
For educational purpose The whole stock market is in a strong BULL Trend but for that after a uptrend a consolidation of minor correction is needed to maintain the mother trend. Below 8792 a swift correction to 8660-50 may happen or above 8860 a small uptrend upto 8925 may be seen. but after 1000 points relly evryone whose is holding profitable positions wants...
For educational purpose After a long (2 months) uptrend a correction in needed to go up further. So gap up opening is suggests that if BANKNIFTY CLOSES BELOW 20450 WILL OPEN THE CORRECTION WAVE OF 5 WAVE UPTREND.