Repco is bouncing from demand zone. Price rejection at bottom. Bounced twice from the same zone CMP - 355.2 T1 - 380 T2 - 420 SL - 330
CEAT bouncing from same zone on weekly chart. Trendline breakout Indecision near the zone in previous week Selling volume down CMP - 1110.55 T1 - 1184 T2 - 1240 T3 - 1320 SL - 1008
M&M has been in uptrend due to good results for few days Whenever it makes tweezer top near trendline, tends to come down looking at history Candlestick - Tweezer Top MA- Price may take next support on 10 DMA Volume - Good selling volume last day RSI - Negative divergence from oversold
Its respecting channel for some time now. Long can go till 205 - 215
Channel - Taking support from lower channel Candlestick - Made bullish harami 1 day before. MA - Price taking support on 10 & 50 DMA Volume - Good buying volume
Candlestick - Close to Morning Doji Star RSI - Moving up Good Buying Volume MA - Price taking support on 10 & 100 DMA
Profit booking may start now since stock has been in uptrend for some time. RSI : Overbought Candle - Bearish Harami MA - Stock may retrace upto 10 DMA (1940 - 1960)
Candlestick - Bullish Engulf at recent bottom RSI - Oversold going in upward direction Channel - It has been respecting its channel for a while. Can possible go long till 450 - 470 - 520
Candles - Made bearish engulfing on top MA- Candles left 10 DMA today (I might be 1 day late posting this) Next possible support - 2364 ( 50 DMA) RSI - Negative divergence Entry : - Below today's low - 2423 T1: - 2398 T2: - 2364
Retracing from recent high RSI - Negative Divergence Candle stick - Negative after bearsih engulf yest MA- Will possible take support on 10 DMA after some retrace for 1/2 days Entry - Below 151 Targets - 147 / 145
Ashok Leyland RSI - Negative Divergence Candlestick - Very close to morning star MA - Daily candle closing below 10 DMA Trendline - Price rejection from trendline support Could possibly go down till 155/150
Waiting for breakout Could go either ways
No Major Support till 1812.
GAIL closing on moving averages with good volume
Pennar is closing on moving averages with good volume. Good for long at from 62.30.
IDFC LTD closing on moving averages with good volume. RSI - Positive MACD - Crossver Volume - Good
Closing on moving averages with good volume
Closing Above Moving Averages with good volume. Short term trend bullish.