Breakdown on weekly charts. Can move closer to 100. SL 120
One of the resilient stock..held on in the entire bear market. Started its move now..!! Tgts given on chart.
Likely to break on the upside. Lets wait and watch
Looking very good on chart, can head to much higher levels.
Stock tested 1330-36 zone 2-3 times recently but couldn't break through this lvl. RSI is showing a clear divergence on daily charts. Break of 1300-1304 lvls can bring in correction mode for near term.
Even in today's sharp fall in Bank Nifty in last hour, this stock held on to its gain. Something cooking? Inverse H&S pattern visible on charts...can move to 295-300 levels quickly (caution - Bank Nifty decline can change course)
Strong support zone 72-75. Can make a smart bounce of 15-20% from here. SL 68
Although the index has made a very good come back, the momentum now seems to be losing. Index had not yet broken out of earlier lower high. At the same time RSI is trending lower. Or it may be a consolidation before a big directional move. Short position makes sense for now...lets see.
Was looking to post yesterday but missed. Chart seems to have broken down for near team. Any rallies towards 900-905 can be used to sell this stock for a potential 5-6% down tick.
Watchlist stock for this week !!
Stock can touch or cross the previous high..Stops below 548.