key support levels of 2260 broken on wkly charts
Below 2160, Downward #candleshunting can take the stock to 2050 / 1960
Trend reversal if weekly close abv 2260
Sell below 2160 with SL at 2260
Tgt 2050 / 1960
Risk Reward - 1:2
Reverse Head and Shoulder pattern formation, with neck at 600 and shoulder at 520
on wkly close abv 617, opens up targets of 686
incidentally #exide was issued ~4% of #hdfclife stock at 685 post the Exide acquisition
Med Term view (3-4 mths)
After forming a bottom @ 370 (5 wkly retests)
Gave a #icmc brkout from 400 levels, subsequent brkout retests have been to upto 440
Wkly cls abv 468 opens up 500/515
Wkly cls abv 524 opens up 570
Stoploss - wkly clos below 438
#POWERINDIA back at 1 yr support level 2850-2900 levels.
After 8 weeks of consecutive downtrend, the stock has taken support for last 2 weeks.
if stock manages to trade Above 3036, stock will attempt to retest 3400 on #candleshunting in weekly charts
#OFSS setting up nicely after bottoming out close to 2900 in October
IC-MC breakout happened at 3055 followed by retest for 2 weeks and follow-up buying during the week starting 29-Nov-22
#candleshunting upto 3400 on weekly charts possible.
revisiting #MCX #MCXINDIA after a fortnight,
A bullish move likely coming up on weekly close above 1587,
Large targets open-up 1630 / 1720 / 2043 #candleshunting
Maintain tight stoploss 1460 on weekly closing
#Syngene #swingtrade #darvasbox
Since Aug'20 - 520 has been retested 8 times on monthly charts & is a support
on Upside the levels of 620 has been retested 14 times since Dec'20.
With 5% equity changing hands at 560 in sep'22, on corrections, 520 could be an entry.