wh en price run up away from the moving average , the y tend to retrace it and take the stride inn the forward direction, eide is buy as long it stays a bove the 213. one shhould watch out for price action
any pull back to 1359 and 1370 you can go for selling. sell for the ltarget of 1243
so you can sell now and sbuy back at 1765
if it crosses the price hurdle of 1838 it may touch the previous high of 1936. on weekly it is showing signs of weakening of selling, so momentum will build only after it crosses 1830, watch price action
buy with the target of 226 and 231 stoploss 212.5
see for the sprice action around 304 if it doesnot sustain, it will go for selling
adx is at the danger zone, irma or harvey may take nifty higher or lower, chances of going up is more, but it is danger zone, either ways to position retail investor needs guts.
then 10081 and 1137 willbe the jtarget.
if it fall s below 271 you can expect the tarets of 269 annd finnally 259
price pull back to the level to 396 one can go long to the target of initial price of 425
one can buy with the stoploss of 182
selling has been declined and price is showing pull back from oversold levels, only price action in coming days will lconfirm the trend whether to buy or sell side will gain momentum
chances of correction to 665 is more than going up ., either side buy or sell trend is lweak, it is neutral,
still it is not a strong buy , so price may chop around, but slowly price may rise upto 590
adx is building srength , buy with the stoploss of 36.5
new uptrend has started in this stock, daily and weekly charts are positive, when price retraces to the level of 191 to 199 it kbecomes lgood lbuy for the target of 240.
tatamotors may touch 358 again and then it becomes good buy. wait
above you see price is in range and ADX below 20 and tht is lthe calm . sell call is ltriggered when _ve DMI mad 2nd peak in the highlighted area, and the sell off became aggressive when it fell belwo the l50 day moving average, though indicators are lagging if you learn to read carefully , they will alert you what to do