Bharti after going through a smashing, is shwoing diverence on weekly charts
rsi made a lower low but price hasnt
would be interesting to watch
dips can be bough
note: un predictable and volatile stock. stick to risk management at any cost
DIVISLAB after a big breakout after results and then a pop up for inclusion in nifty looks tired,
RSI on daily in weakening and second high was made with a lower rsi peak,
also it is well outside of keltner channel
expecting a correction to 3200 and below that to 3140 in sept series
SL is 3335
this is for reference only, do your due diligence before trading.
JUBILANT FOOD after a log of struggle is taking support at 100 dma.
and today closed above the falling trendline
above 1740, can test 1830, 1900 SL below 1670.
volatile stock, one can adjust stop loss accordingly.
CIPLA on weekly charts has formed a spinning top candle, and on daily chart it has formed a dark cloud cover pattern.
looks the steaming rally will come to a pause. any up moves to todays highs can be sold for targets of 640 630 625 to start , with SL of 671
looks like a deeper correction can set in.
note: calls are for reference only. am a learner and my calls...
ICICIBANK 2008 fall has almost simialr candlestick charactristics.
fall happened in 10 months from top to bottom.
first 4 candles look similar. 5th is a little different. but looks like we have another 50% correction if we compare with 2008.
first 5 candles have almost 50% correction for the first months in 2008
almost 50% correction now in 2020 also