Polyplex Monthly chart
Company has Good fundamental
In sideby since 2017, trading inside mother channel.
Good to notice it has not fallen much as compared to other small caps stock in the previous years (2017 - 18) bear market.
On monthly chart RSI BO is seen.
Will this give price breakout for new highs?
BHEL: Weekly chart. RSI Divergence see on weekly chart. Volume is rising. Taken support at 42 twice with divergence in RSI. It a multi year low after tripple top breakdown in 2017. Some thing interesting. Please share ur views.
In consolidation, good for long term 3 - 5 yrs
Company in brief:
➡ Over 30 years of presence, specialist and in product engineering and digital transformation
➡Uninterrupted dividend since its listing in 2005
➡Profitable business verticals
➡91 active clients
Price are just above weekly trend line and RSI just above it's support and moving towards oversold zone on weekly chart
Prices have broken mid term moving average and daily trend line, making 370 - 380 as supply zone which can be clearly seen in daily chart.
Bullish Shark pattern observed with PRZ btn 330 - 316. Also this zone is area of long term moving...
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...