With the last two three candles formation on daily chart (circled yellow) a bullish Harami seen on 15th followed by dragonfly Doji on 16, shows it is bottoming out. Also looking at last rally of Feb, price has retraced to level 50% fab level. This shows possibility of Reversal of prices. Initial target of 310 followed by 330.
Not for any trade advice, ...
Some action to watch today, hammer and inverted hammer seen side by side at the bottom, and it is about to enter the high probability demand zone, if prices closes above last candle Reversal can be confirmed.
It seems to be in consolidation phase. Looking back in 2014 after the long rally it retraced till 38.2 Fabonnic level and consolidated almost for a year. After the current rally currently it has retraced till 38.2 and around 9 monthly candles shows consolidation as of now. As seen it has a good support at around 2320 level and the same is the...
GNFC: price are not able to break the down trend line, strength is also weak for breakout, with the last dip to 240 level couple of weeks back has limited the downward level making it as support area. May be some fundamental event can trigger upward momentum.
It's a investment worth script. FA guidance required.
On weekly chart long position is seen with current price low in curve.
Current levels also see side by situation, it has good support at around 950.
In between this long position a intermediate zone (marked in red) is seen and will act as resistance.
Now if we switch to daily chart, demand zone remains almost the same and supply zone slightly above...
Between 408 to 378 good Accumulation time with a stop loss of 363 for initial target of 450.
Looking at Dabur char in comming months we can see this stock to trade with bottom between 450 to 480 except for any odds (for upside actually don't want to do guess work)
Tata Elxsi, levels marked in chart, current prices are low in curve just above the buy zone level, looking at today's live price action, it is facing some resistance at this level, another resistance can be seen near to 1040 level. Good to notice POSITIVE DIVERGENCE IN RSI, both on weekly as well daily chart, the one here is daily chart. RSI strength is also...