CYIENT moved as expected and delivered 12%+ return in 2 weeks. Happy Trading..!!
A Swing trade opportunity is found in SH Kelkar and co. as: 1. Price reversed from lower trend line of parallel channel. 2. Continues hidden bullish divergence is observed between price and RSI. ie, while price making higher lows, RSI makes lower lows. SL: 161 Target: 198+ Happy trading..!!
Observations from TCS Chart: 1. Formation of an ascending triangle 2. A reversal from lower line is hinted by RSI divergence under formation. 3. Currently at lower price which has high risk to reward ratio. 4. Accumulate upto 3165. Set SL below 3150. Target 3750+ Right information at right time is the key..!!
CIPLA at trendline support. Expected reversal from here. Target: 1020 SL: 940
Tata motors at support level. Reversal possible if sustains above 300.
NMDC CMP: 172.55 Target: 195/203/213 SL: 170
Gold price at trend line support with clear RSI divergence. Good for medium-long term investors.
Price at trendline support.
At trendline support..!! CMP: 6709 SL: 6645 Deep SL: 6510 Target: 7200++
Price at trendline support with RSI divergence. CMP: 3022 SL: 2960 Target: 3250++