Price movement has reached the Trendline resistance again.
Watch it for close above 407 for next two days.
for 11/12/17 A gap up above 407 and sustain will confirm the breakout provided if volumes support.
or else wait for two days for price action to go long on breakout.
Sell with stoploss above 1000 for target 960/940/920/900/880-
Trendline breakdown happened and after testing the trendline resistance , price reversed .
with a small risk , sell with a stoploss above 1000 for target 960 , once 960 is broken a steep fall can be seen till 880 .
Just My Personal View.
Lic has been in the channel for a long time. After facing upper trendline of the channel, stock has corrected and has reached the Lower part of the channel. A BUY can be iniated at 595 and can be added on dips till 580 For a target 780 With stoploss 560
Just My Personal View
The stock is again retesting the resistance for the third time, But this time a small breakout in RSI seen and MACD pointing upwards, and an increase in volume shows a breakout on the way.
Watchout for close above 865 for a big move for target 950/1000/1080
this time if BREAKOUT happens, the move ll be faster and bigger.
next few sessions important.
Worst case ...
Looking at the price action, every time the support trendline has tested, the price has bounced at an average above 600 Points.
Taking this into view, recently the trendline has been tested and the bounce has been sharp.
With a stoploss below 1650 it a good buy till 1700 for target 2300 approx.
RSI action has been shown in the chart.
Just My Personal View.
Nifty after a long consolidation broke out the channel and close above it.
Nifty now has support around 10220. Any Close below 10220 will make the BULL cautious and will try to take support 10125-10150 Which currently stands as a very strong support and BULLS should try to save it. Below the 10120 Level Nifty can slide to the bottom part of the channel ( worst ...
Currently its a short candidate for the target of 900/890 which is the place where the POTENTIAL REVERSAL ZONE (PRZ) stands..
Buy the reversal swing at 900/890 with stoploss below 880 .
Disclaimer: The cypher pattern shown is best to my knowledge. take your own decisions before you consider to trade.