LTI after long downtrend has now bottomed out. Now its showing signs of reversal and gonna form double bottom. Also volumes are increasing from last couple days.
Suggest to go long above 3680 as could face a minor resistance, although will definitely will give big upmove.
ANYWAYS, levels are all given.
Colpal looking good above today's high. Today given a breakout out of few days consolidation and a trendline breakout too. Good long candidate as FMCG sector also at the verge of breakout. Or can go above long above 1600, as being a psycological number will act as resistance.
IDEA is at support level taking price rejection from below. We've got this trendline too acting as a resistance and after a nice downside move IDEA is now ready to fly. The main reason I'm bullish is, the stock's rsi has gone to 30-34 levels only once after covid fall and risen everytime and now it's at 34. Plus, market rising from support gives another boost to...
HEROMOTOCORP looking good shorting candidate. Yesterday it gave breakdown of trendline but there was a neckline support of head and shoulders pattern so waited for it to break and today gave breakdown of it too. Now we are looking for a trendline and head and shoulders breakdown with good volumes. Plus for confirmation we've got macd and 9/21 crossover, also rsi below 40.
Coforge after giving trendline breakout yesterday, today retraced to it and bounced and has formed cup and handle formation. Although it tried to give a breakout of it too, but didnt sustain. Volumes are good and also there is 9/21 ema and macd crossover confirming our entry in the stock. Now, we can enter in it above 2700, coz it being a psychological round...
Star pharma today gave a trendline and head and shoulder breakout with good volumes. Rsi also standing at 42 and below 40 it will become outrightly bearish and a good shorting candidate. Macd also made a bearish crossover confirming our entry also backed by 9/21 ema crossover too.
Dhampur sugar mill looking above today's session high. Just a simple trendline and resistance breakout with good volumes, also we got a 9/21 ema crossover and macd crossover plus we get rsi at 64 meaning bullishness, can retrace a bit or not.
GODREJCP LOOKING GOOD FOR A SHORTING OPPORTUNITY. STOCK TODAY MADE AN HEAD AND SHOULDER PATTERN AND DAILY RSI AT 42, WILL SHORT BELOW PREVIOUS CANDLE'S LOW AND ALSO WE CAN SEE HIGH VOLUMES COMING IN THE END SESSION.
LINDE INDIA WAS TRADING IN PARALLEL CHANNEL, FOLLOWING THE MARKET GIVEN A BREAKDOWN FROM CHANNEL AND NOW AFTER REENTERING CHANNEL TAKING PRICE REJCTION FROM BELOW SHOWING GOOD BULLISH MOMENTUM, INDICATORS ALSO INDICATE BULLISHNESS, WILL GO LONG ABOVE THE PREVIOUS CANDLE"S HIGH :)
TAKING TRADE IN THE DIRECTION OF MARKET, TATA STEEL LOOKING BEARISH. NOW STANDING ON A TRENDLINE SUPPORT AND ALSO MADE A CUP FORMATION, IF REVERSES COULD MAKE A HANDLE TOO. BUT INDICATORS SHOW BEARISHNESS, RSI AT 41, STOCHASTIC GOING IN HIGH SELLING ZONE AND ALSO EMA CROSSOVER CONFIRMING TO GO SHORT BELOW YESTERDAY'S LOW :)
JUBILANT FOODS NARROWING ITS RANGE, NOW BOUNCING FROM TRENDLINE SUPPORT IN SHORTER TIME FRAME WITH GOOD VOLUMES. ALSO JUBLFOOD BEING A DEFENSIVE SECTOR STOCK AND SUPPORTING IT ALL TIME HIGH MARKETS, LOOKING GOOD ABOVE 2843. 2843 BECAUSE OF A SMALL RESISTACE IN SHORTER TIME FRAME. WILL LOOK FOR A LONG OPPORTUNITY :)