NESTLE has formed dark cloud cover pattern on daily charts which is a bearish pattern. any up move to 17950 Monday or at to todays high can be sold with stoploss at todays high. target 16800.. note: the stock price moves with large values, hence take your SL accordingly.. can retest highs intraday also..
CIPLA has been rejected thrice at 610 .. close below 590 can trigger a short term correction with SL of todays high its gone up too fast
TATA STEEL has formed a base and is ready to move up first target 317 320 SL 268
SUN pharma with a stunning move last few days is heading into resistance. gone up too fast and might face pressure at the resistances marked. would be wise to take off some profits at resistance level
NIFTY RSI is at the falling trendline. any break above can result in market going higher..
BANKNIFTY is trading inside a short term triangle. break above or below can determine trend of nifty..
HDFC has tested its previous low and held it with rsi making a higher low looks like an upmove is coming was an underperformer today wit nifty going berserk
Chola has formed positive divergence. look for targets of 147 160 can move fast..
Nifty short term resitances marked in red, supports in blue. this is just for reference. please do due diligence before trading
NESTLE..the upmove might be over .. i am not good with waves. do correct me if i am wrong
SHREE CEMENT has more likely formed a top for a long time to come clear negativ divergence and any break below the channel at the top which looks like distrubution is going to correct bigg.
IGL. forming clear long term negative divergence. investors be cautious..
BERGER paints.. looks like the rally is over time for consumption to take a hit please correct me if i am wrong. since i am still a learner with waves
NIFTY is moving in a triangle.. RSI is taking support on a trendline in one hr chart. just a reference. Trade cautiously..
ICICIBANK ..TRIANGLE SQUEEZE break on either side decides next move..
NIFTY MIDCAP idex is at important support zones in its life long chart. trendline supports in red and support zones in blue are marked... be cautious..
HDFCBANK with in a triangle u can say. which way? up or down? break of either trndline, decides next move..
NIFTY has broken above the trendline line of the down move in one charts. looks like a short term upmove can continue