As per my analysis, LIC's major support level is at 663. So if the support breaches, then the target would be 600 at down side.
ITC has turned to short bearish. if it breaks the support at 215 then next target will be 203
Nifty has formed Head and shoulder pattern and broken the support of 17300. So my first target of down side is 16700 and second target is 15975.
The short term correction started in Reliance industries. As per the trend analysis It has turned to short term downtrend. When it breaks the support of 2353, It will fall further upto 2244 and 2155, Which is our first and second target respectively. This stock may turn to bullish near 2050 to 2150 in the future. Lets see what is gonna happen...
After fantastic bull run in the Tata Motors, it consolidated more than month. And also It was in the distribution phase, broken in the down side. So we may expect the huge fall on Tata Motors. So Its time to be cautious. Now Tata motors in a crucial support area at 460. if it breaks support 460, our first target will be 432 and second target will be around 400....
This analysis is only for Educational purpose only. Do your own analysis and proceed further. This BPCL script has broken the long term raising trendline and fell near 410. Then it took the support near 410 and rose upto 470, which was acting as a trend line support. Now the trend line support acted as resistance and it fell further and broke the major support at...
This script has broken the upwards trend line and retested at the trendline, which was acting as previous support. Now the previous Trendline support is acting as resistance. the next nearest support is 221. If the support at 221 breaks, then we may expect the fall upto 213 to 205.