EXPLAINED ON THE CHART
ADAG Stocks are in focus for last few days because of postive news inflows. The stock has not made new highs but the oscillator did. It can be seen as Bearish divergence. Watch out for long positions.. Trail your stops.
In recent weeks we have seen buying in Pharma stocks. While Biocon,Wock hit new 52 week high some stocks are worth buying at these levels. On daily charts Sunpharma is making higher lows for some weeks. Also it has made a Symmetrical triangle pattern on the chart. I positively think it should break upward. Watch for levels. If it closes above 550 ,I think it will...
OVERSOLD STOCK. STOCHASTIC CROSSOVER ON HOURLY CHARTS. AT SUPPORT LEVELS.TIME HORIZON-10 DAYS.
IN WEEKLY CHARTS STRONG RESISTANCE SEEN AT 85-86 LEVELS. IN CASE OF BREAKOUT BUY ABOVE 85.35 SL83.5 TARGET 91.25 IN CASE OF BREAKDOWN SELL FOR A TARGET OF 79.25 WITH SL 85.35.
RESISTANCE SEEN at 486-491 ZONE. IF STOCK HOLDS ABOVE 491,BUY WITH A SL OF 486 TARGET 502 AND IF STOCK TRADES WEEK SHORT SELL BELOW 486 SL 491 TARGET 468
TATA MOTORS SELL BELOW 429 TGT 424/420 SL 432