ONE NEEDS TO OBSERVE PRICE REJECTION NEAR THE GIVEN PRICE.
STOCK PRICE IS STILL FAR AWAY FROM BUYING ZONE. KEEP IT IN YOUR WATCH LIST. BUY IF THE PRICE ENTERS THE BUYING RANGE AND IS STABILISING IN THE RANGE.
Similar to Nifty we can also see the bearish pattern in bank nifty as well. Sell range is between 27632 - 27656. Observe the price action near the range before making any short entry. Wait for the price rejection in the given range.
Nifty is likely to enter the bearish cycle. Short opportunity is at 10944 range. Please observe the price action near the range for shorting the index.
Stock is in its down trend. It should end its downtrend near 217. Observe the price action near the given price range before entry.
RECENTLY TCS HAD DECLARED QUARTERLY RESULTS. HOWEVER 1829.7 SHALL ACT AS TREND DECIDING LEVEL. ONE SHALL OBSERVE THE PRICE ACTION NEAR THE SAID LEVEL FOR TAKING EITHER LONG OR SHORT TRADE.
NIFTY MAY TEST THE CRUCIAL LEVEL TOMORROW. ONE SHOULD OBSERVE THE PRICE ACTION NEAR 10802.
THOUGH STOCK LOOKS LIKE BREAKOUT STOCK - AT 382/383 RANGE WE CAN SEE THE PRICE REJECTION.
STOCK HAS RECENTLY BROKEN OUT AFTER THE LONG CONSOLIDATION. IF THE PRICE RETRACTED TO 131 - 124 RANGE, ONE CAN LOOK TO ACCUMULATE. KEEPING 109 AS STRICT STOP LOSS.