TECHM: Views on Daily chart. I think it is about to stabilize, plz share ur views. Sept month movement I see as consolidation, in RSI no major BD seen and it has maintained 50+lvl, prior to ds was a short up trend as well strength improving. Will hold the views till it maintains closing ABV 707. Below 677 views not valid.
T1- 175; T2-179
50EMA - FLAT
RSI: Wk>50: Dl<50
Fall with less Volume +ve sign
RSI Wkly with +ve divg
RSI Day & smaller TF - ve divg
PA changes to HH - HL (up trend)
with BO ABV 168 both on Wkly & Dly TF,
view valid till it maintains closing ABV 150
CEAT: This is how I look at it, purely my POV.
For me it's a *NO* for long term. However swings can be enjoyed looking at daily chart as per individual setup.
Looking at weekly chart Demand seems to be btn 752-851and Supply 1390-1420.
The move from DZ was seen somewhere in may 2016, and it was recently tested, the leg out candle after the test was Bullish...
Getting weak on daily chart,
Weekly chart trend still intact, last week candle did hit the trend line but got supported and close above that.
Compare with earlier swing fibb retracement show its current at 0.382 lvl of.
Using daily weakness to accumulate if it holds 228 price level.
Stop loss 655
Levels marked in chart.
Currently looks high in curve and facing selling pressure.
Entry band to be observe before taking position.
POV-1: If it break the band down then hold and wait for reversal or small qty addition (May be in SIP typically 2-10) till it maintains above 200 EMA on weekly chart, if it...
BODAL CHEMICAL - CRUITAL LEVELS
Script is currently trading at cruital levels, medium term moving average (50) is just kissed longterm (200) moving average, any further correction may lead to breaking of long term support. This can make long term investor to exit. some level identified ( lvls in chart). Strickly no action if it goes below 70
It has reached the supply zone and price remain their for two sessions and on third session it has left the zone.
Some pull back to the supply zone can be seen in comming sessions and same to be utilize for offloading.
It can be looked to grab it near to demand zone (levels in chart). As estimated it may find support near 258-260 ( observe black...
TATAELXSI: Swing low
Seems it has formed bottom. Nice swing is seen on daily chart. Today's candle has engulfed yesterday red candle (day closing to be seen for confirmation), With this view it is in process of formation of DZ (Observe the box marked) with price just leaving, it has 2 candle in base so strength is moderate. Target SZ also marked with good...