Hindustan Copper Limited is engaged in exploration, exploitation, mining of copper and copper ore, including beneficiation of minerals, smelting and refining. The Company manufactures and markets copper cathode, continuous cast copper wire rod and metal in concentrate. The Company also offers copper concentrate. The Company's by-products include Copper Sulphate,...
Everest Kanto Cylinder Limited is engaged in the manufacture of fabricated metal products, except machinery and equipment. The Company is also engaged in the manufacture of high pressure seamless gas cylinders and other cylinders, equipment, appliances and tanks with their parts and accessories used for containing and storage of liquefied petroleum gases and...
Nifty closed negative this week but Nifty pharma has sustained it's breakout and given a continuation move hinting at relative strength in the sector.
Post breakout price comes back to retest the breakout zone and bounces in case if it is still bullish. If it does so price hits a new high.
Bank of Baroda is currently at a crucial breakout zone which also happens to be a trendline support zone. Price behavior at these levels is to crucial for either a support bounce or support breakdown.
SBI is moving in a rising channel, facing resistance at 622 zone. Also there is bearish 3 candle stick pattern getting formed on weekly. For this to get activated price needs to start trading below the bearish candle. However rising channel offers support on the downside.
BHEL is near the 2018 resistance level of 107. If price consolidates near 107 zone and gives a breakout a bigger move on the upside can be expected.
Whenever price reaches breakout zone, it creates 2 possibilities either breakout zone is retest again and price bounces OR price goes below breakout zone which is often called as fake breakout. Price will tell the story. Just follow the price.
Change of polarity zone coincides with 61.8% retracement level for the swing under consideration. Hence this zone acts as strong support. Current price action may test this support zone.
Lupin has given a good upmove prior to result and is currently at resistance zone. Caution on longs at these levels is necessary.
Airtel on weekly TF is moving in a wedge pattern. 888 is the immediate levels to look for. Price behavior at these is crucial for an upmove or downove. Targets are clear as per the chart either upper channel or lower channel.
Sun pharma is approaching a multi year resistance zone of 1200. Weekly chart is hinting at a classical rounding bottom chart pattern.
O=L is a support zone & O=H is a resistance zone . Titan is currently trading within this zone. Since results have arrived yesterday it is interesting to see the reaction of price at these levels and place trades accordingly
Indigo has given a good upmove and is currently near a prior breakout zone, which can act as support. Based on price behavior at these levels a good long or short trade can be initiated.
Indigo has given a good rally from the channel bottom to top. Change of polarity level can act as immediate support if profit booking takes place.
If Ambuja cement gives a bullish breakout of 468 zone a swift upmove can be expected till 518 zone which is approx 10% upmove. Cement sector has performed well despite higher base. Results can be the trigger.
8073 zone which was earlier a zone of resistance has turned into support. Price has retested this zone couple of times.
Chart is hinting at good trading opportunities. Note the levels.