Infosys has been running in a very tight range for a few days now. Now at the bottom of the range may give a breakdown and fall or sustain and go up to retest the upper range again. Watch before you enter.
Trade wisely...
This one sure looks like gonna go south, what do ya say.
HDFC Life was taking repeated retests at the support level and today it gave a break out south of its moving channel. Comment down what do you think will it take support and bounce back or just go south.
United Spirits has been testing a tight resistance for quite some time, with the golden crossover taking place I suppose there should be an upward break on the resistance. Comment down your opinion.
Natco Pharma has been consolidating at the resistance for quite some time, the MACD does not show much strength right now. Keep a watch on the demand and resistance break or short your position.
Trade Wisely...
Titan company has been moving in a very tight range, and now consolidating at the resistance along with the MA giving a bearish suggestions. Wait for the trend to break, or if the market turns bearish this will be a good fall.
Asian Paint's has been moving in a symmetrical triangle pattern, wait on the trend break. The crossover suggests bearish on the value, wait for the break, and reconfirmation.
Trade wisely.
Hindustan Unilever was moving in a symmetrical triangle, gave a good break today, and is on its way back to test the trend. wait for the test or the resistance break.
Trade wisely.
State Bank of India was running in a symmetrical triangle and has given a positive break today. But does not show any demand and strength, might retest the trend tomorrow and take its further path.
Trade carefully.
Simple Price action and chart analysis, the price action entered a cup and handle from a bullish flag, forming a bullish flag last week. Today's gap was prominent resulting in a good break. MACD is indicating bullish ahead.
Trade wisely...
