Technical :
RSI - Oversold
MACD - Possible curve in coming days
Current price far lower than 10/20/50 days SMA. Generally price trend to close gap with SMAs in certain period. Either SMAs should come down OR price should go up.
I will better watch for price action and enter once I see MACD giving right signal. Company results are scheduled on tomorrow so also...
Kellton tech is slowly moving in rising channel with higher top higher bottom.
At current price of Rs. 111, it is touching the lower line of the rising channel. If higher bottom is formed at current price and is MACD signal forms the cross then next could be higher top on upper side of the channel.
Keep watch for next 2-3 days and if right pattern emerges then we...
After long downtrend in Tata Motors, It looks like trend is on the cusp of reversal. Please wait for trend confirmation on MACD line to cross upward as well as upward price on high volume. Following positive points Few points to keep watch.
Hourly chart shows 50 SMA upward diversion around 370 price. If it can maintain 370 support and start moving up in channel...
