At critical point, can it take support? Lets watch next week's price action. #Watchlist Dividend yield lovers might start nibbling if this is where it bounces from...keep a close watch.
With rumours floating around of spending being cut by the govt, this index is key doing ahead over the next couple weeks. If it breaks down all its underlying can be shorted. If there is a stimulus or some package for the infra sector it could bounce from support. Watch for its underlying with close attention because they could give super chances both ways....
Needs to bounce tom else could go to 232 in v v quick time. Broken below the channel... Stay Cautious.
Cement sector on a while isn't facing happy times. ACC broken below 200WEMA. Could be shorted with SL 1490.
Broken below 200WEMA (277) on the weekly. Needs to recover it ASAP or could see a deeper sharper move downwards.
Could the gap get filled in ICICI tom and since its close to the 200EMA and support then take support. Will watch closely tomorrow.
Below marked price Bajaj could loose an additional 5-7% quickly. If it breaks down can short with a stoploss 1% above marked price. Would give a good risk reward.
At support. Either it bounces or could see a sharp fall from here also.
Jhunjhunwala Special. Should could be bottoming out after a major beating. Has a divergence on the daily timeframe. Wait for it to make a higher high and enter.
Took support at key support (200WEMA & Trendline support). Lets see next week if it gets some follow up buying. Can buy with SL below 200WEMA
Reliance has closed at a critical support level. (50WEMA + Trenddline support) Needs to have some green candles next week else it could potentially suffer a sharp breakdown and take the markets down along with it.
Quintuple +ive divergence...most of us love to see a triple divergence... this is 5...SL below todays low. Lets see if it first makes a higher high before looking for an entry.
Another stock which has been consolidating for a while now. Looks like a good setup. Lets see if it can make a new 52 week high and catch momentum. #watchlist
Don't know any fundamentals of this stock, but technically the setup looks good..lets see if it breaks out...
On the verge of the breakout... #Watchlist Buy the breakout if its with volumes.
Broken down from the channel where it was all this time. Could potentially reach 340.
Results will be key today. If there is a cautious stance like HDFC Bank gave or growth has been reduced..watch for the breakout to fail and the stock to have a sharp breakdown.
At a key support level. if it breaks todays low its a no brainer short.