It is seen that the stock has not been able to cross and sustain above the bearish shadow formed out of the top made on 18th July 2019 at 3574. The descending line will have the pull to bring it down to a level of 120 by September 2020. However, if it turns bullish, my target would be 218 in one month.
It is not possible to find the resistance point while in its consecutive UC's. The support shall be extended from time to time, the present support being at 70.
The direction is not clear presently and it may be possible to gauge its trajectory by 30th April if there is no break out in between.
HEG has some cushion before it falls near support at 795. We will wait and see
Yesterday it fell below the support having crossed it two days ago. We will have to see a couple of days to know if it will turn positive, for now.
Bajaj Finance has survived a scare of closing below strongest support on Friday. We will see two more trading days to see if it hangs on and then makes turn from here.
One may hope for a reversal with a strict stop loss at 4
HEG has formed a double bottom, bottoms being 145 days apart.
If the closing remains above 651 in short term, the bottom might have reached.
28125 should be the lower limit in this down trend
Support broken, the next support is at 161, resistance is at 180, target in intermediate term is 230
It is likely to find support at 3000. Target in intermediate term 2260.
Support around 61. Upmove can be seen once it closes above 73.50.
May go up to 72.46, intermediate term target being 69.34
For the next week there is a strong support at 11000. Below that, the support will come at 10741. In case of up move, there is a resistance at 11310 and then at 11364, beyond which it will have a free run up to 11976. The red line is at 13360, whichwould be the target for 2020.
Will be out of bearish pull if it closes abobe 1080. Obeying descending supports as of now.