Biocon showing formation of asending triangle. If breakout happen,uptrend going to continue.
JUST FOR EDUCATION PURPOSE
YES BANK FORMING INVERTED HEAD & SHOULDER. NEAKLINE IS AT 321.5. #LAST 4 DAYS DELIVERY MORE THAN 40 %. ENTRY ABOVE 322, TP 327,335,342 SL 318
SUPPORT AT 108.50, RESISTANCE AT 109.50,110.50,115. 1)BOLLINGER BAND NARROWING 2)MACD -WEAKNESS IS DECREASING 3)WATCH FOR 1 WEEK,POSSIBLE TO REVERSE OR BREAKDOWN
BPCL is in downtrend,support is at 400 level,resistance at 460. Sell on high stratergy.
Chart shows down converging channel. It can go further downside at its imediate support of 348. Then a consolidation can taken place,and rally can be possible from that level.If it breaches the level of 348 then the support can shift to 325.
After trading session of 16 march, I am bearish on it. Maximum to maximum 295 level which is now a biggest resistance for it can be seen this week,but it looks difficult.
opening is almost 20 points down the previous 15 march high. Therefore i am bearish on it.