THIS FIRST DAY STOCK HAS SHOW SOME FIGHT BETWEEN BULLS AND BEARS , BUT BULLS MANAGED THE DAY ENDED UP NEAR THE DAYS OPEN THIS IS THE STARTING POINT WHERE MARKET EXPECTS SOME POSITIVE RESULTS FROM THE COMPANY
ON NEXT DAY EVEN THOUGH THE DAY SEEMED TO CONTROLLED BY BEARS, WE SHOULD NOTE A VERY IMPORTANT POINT THAT BULLS DOESN'T LET THE BEARS GO...
SHRIRAM TRANSPORT FINANCE - DESCENDING TRIANGLE UPSIDE BREAKOUT
THAT WAS A STRONG SIGN FROM BULLS THAT THIS STOCK IS TURNING UP AND ITS IN THE STARTING STAGE OF ACCUMULATION.
WE CAN NOTE THE THE STOCK HAS BROKE OUT AND CLOSE ABOVE THE HEAD LINE OF TRIANGLE FOR TWO CONTINUOUS DAYS WITH THE STRONG SUPPORT OF 20 DEMA LINE AND EVEN STRONGER CLOSE ABOVE 61.8 FIBO...
KSCL - SHOWING BULLISH SIGNS
KSCL HAS SHOWN A STRONG BULLISH REVERSAL SIGN WITH THE MACD DIVERGENCE AS INDICATED IN THE CHART
USUALLY DIVERGENCES PLAY A CRUCIAL PART IN THE TREND REVERSAL AS THEIR ACCURACY IS 9/10.
THIS CAN BE A SHORT TERM RALLY, ENTER ONCE THE PRICE CLOSES ABOVE THE 20 DEMA LINE.
HAVE A TARGET OF 40-50 POINTS
In IOL Chemicals i see two types of pattern formation one is cup and handle and next is head and shoulder , for which neck line is at 117, 121 respectively
safe buy zone will be above 122 with a strict stoploss of 93 as we see many gaps in the chart and highly volatile too
target zones will be 190, 240
NIFTY broke out of a V shape pattern today in hourly timeframe, and sustained above neckline ( also a crucial support ) of pattern which is @ 11380
on bullish opening tommorow (07.08) long can be initiated and postinal trade can also be initiated when 11425 is broken
target levels - 11520, 11650
at this point of time RAIN inds seems to technically more attractive as the bulls are able to keep up the break out above 50 DMA which shows bulls are preparing for some heavy action on this stock. LONG and HOLD till the bearish cross of 50 DMA. keep a STOPLOSS of 164.
after a long down trend jindal stainless is attempting to reverse the trend , on its previous two attempts in the near term it has failed but this time it has shown a strong bullish sign with a hammer candle following with the confirmation gap up bullish long candle , time to go for LONG in this stock
it also tries to form a head and shoulder pattern with the...