Deepak Nitrite: Weekly chart some levels identified and marked.
BalaKrishna Industries: Demand n Supply area identified marked in chart. It's in down trend, only momentum trading.
This is what I can see in D-mart on daily chart. 1. Continuation pattern. 2. Blue line shall acts as support. 3. It has to breach red line to continue the move. Hope it can breach ds on Monday session and close above it
Some observations on NIFTY Daily chart. From NOV 18 to June 19 (till date) as seen, we can see HIGHER HIGH AND LOWER HIGH. I split this in two parts NOV18 TO MAR 19 and from MAR 19 to JUNE 19 (till date) Part - 1 NOV 18 to MAR 19: Index level making HIGHER HIGH AND HIGHER Low and the Strength (RSI) also has upward slope, means this up move was with...
TECHM Double top distribution pattern, possibly we can see ds trading below 700
GNFC 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, ...
Tata Elxsi 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.
Britannia. 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...
Castrol Supply and demand are marked in chart
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.
Tata Elxsi - Short Giving opportunity to accumulate at lower levels
Tata Elxsi: 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...
If it clear the barrier marked in red between 322 n 330, then target of 360 is on the way