Descending Pattern formed in daily chart of Adani Enterprises.
Price breakdown below 50 EMA.
MACD gives bearish signal.
Trend Reversal could occur.
And after all,Market is in negative note.
A short term buy call for Hindalco.
Current market price in good demand zone and rejected lower trend line of channel.
MACD shows good crossover.
9/21 EMA crossover happens.
short term buy with a target of 470
Cup and handle chart pattern formed.
Fibonacci levels shows price retraced 50%.
Current market price at a demand zone and touched a well respected trendline.
Go for a long position and keep a target Rs.4600
Do you guys remember SPIC. Who else a market enthusiast can forget Harshad Mehta.... The God Father of SPIC.
SPIC is trading a well respected channel since its inception in 1999.Now its again testing the upper trend line in weekly charts and strongly trying to get a breakout.
Wait for this month close.Lets hope for a breakout.Might be a wealth creator...
BhartiAirtel is showing a symmetrical triangle pattern and a triangle pattern with a long term demand zone.Wait for a breakout.preferably upward movement is coming and take a long postion with a target of 600.
LTP of ITC is on a good demand zone and is forming a ascending triangle pattern with support line. Also shows a symmetrical pattern with a long term trend line.
look for long position with a safe target of 240 and a far target of 255.