Sun TV (election result based stock)
1. in longterm downtrend
2. medium term uptrend
3. short term reversal attempt from downtrend channel breakout.
4. after channel breakout, now stock retracing back and near support zone is 536-540
can enter long on this support zone with stop loss below the medium term trend support on closing basis.
aggressive sellers can short ibul if it falls below 671 for the target of anything below 650 i.e. around 646
as it is near its range support only aggressive sellers it is gud for intraday target.
on going below 650 and bouncing back above will start journey towards upper range(around 900), and the same will be confirmed if closes above 712 for the next immediate...
Canara bank is in range bound for medium term and in that range now its in movement from resistance to support through a channel.
its downward journey will be confirmed if 260 is tested first before 270.
if channel downward journey is confirmed then expect first low of 240 with 270 as stop loss.
then expect channel low range of 210
most of the stocks and...
1. Titan clearly in uptrend and respects trend line nicely.
2. bounced from trendline and at its previous high with very gud bullish candle.
3. If stays above 1152 for 30 minutes, it ll ensure further 2% upmove for the same day and if closes above 1152 then expect minimum 75 points
4. if bounces above 1152 and drops below 1125 then expect a fall of 50 points...
Reasons for telling long,
1. check the estimate vs actual and after effects of price, this time it ll post lower than estimate.
2. it is in trend line support for short term and dropped from resistance trend line of medium term, hence if bounce confirmed i.e if goes above 535 zone marked in trend (tats why only for aggresive trader, defensive trader can wait for...