it is turning bearish and we may likely see a period of no return in the counter for the upcoming year or so! a kind of top-out formation which suggest long to be avoided as an investment. it can test 15200-14900 in coming months/years
S&P 500 where 73% stocks are trading above 100 period average is trading near trendline support the rsi divergence witnessed earlier
The counter now trading in downtrend with support at 2770 and resistance at 3050-3070
trend line breakdown witnessed today resistance marked at higher zone while in short term as long as trading below today's high areas can witness a retest of marked support zones
MARUTI trading in a bullish to a sideways trend support now at 8500-8450 resistance at ! 8955-9025
weak setup in reliance stock making weak candles counter unable to sustain on higher zone pressure witnessed on higher levels can likely test 2350-70 zones again 2600 strong resistance
WWE the entertainment we thought was real, speculation and rumours suggest it been sold to saudi fund support and resistance marked on charts
Stock had seemingly formed a toppish formation with curve formation now stock as long as trading below 2550 it can see slide towards 2280-2320 areas
bata is now entering demand zone stock was in pressure for last few weeks can show a pullback move now from here owards with stop at below 1550 it can zoom higher towards 1840-1870
beautiful technical formation called round formation which is bullish stock looks good although as its belong to power dont see humoungous rally due to the sector issues
tesla tesla in negative trend with a box breakdown as its tesla high probability for breakdown to turn fake ! and ELON will make a comeback! as he is here to stay on top position for next 4.5 years
A CLOSE ABOVE 97$ WOULD LEAD TO AN UPWARD JOURNEY till 104 to the least as per chart! support at 95$
support at 147.5 -148 while it cn make an upmove towards 163-165 region the open low formation at support areas along with RSI divergence indicates strength in bullishness
Index in a downward regression channel immediate support at 10900 while upward journey could go towards 13114
strong chart relative outperformer in pharma space stock above key averages pharma index seen a decline of 7 % odd in past 11 session while this counter is trading with strength formed a dual bottom trading above neckline.
weak setup on charts ,can see more declines as it is in downtrend a dual top formation also took place near term support at 81 trading below key averages
a breach below 18k is caution mark, till that 19k door open
pvr seen a weird pattern , repeted daily counting todays session so far ..