Its almost two months since we posted on blog. Today we are again sharing some chart studies for your short term trading.
Short was initiated last month when stock was around 1700, now almost done our targets of 1580-30 ( Hit 1550). Longs can be taken either stock sustains above 1620 or shows range of 1500-1480 on decline.
Stock is getting support around 133-30 and has given descending triangle breakout with good volumes. The same can also be assumed as flag breakout for possible targets of 142-56 in coming days. Almost all technical indicators are in buy mode.
Inverted Head and Shoulder pattern is clearly visible in the stock but neckline breakout is required for long entry. Above 550 expect another 10% move in coming days.
Stock is in long term downtrend. Expect more pain below 1450. Investors can avoid till sustains above 50dMA.
Stock is in downtrend and will confirm further downside below 410-400 while on sustaining above 425 one can take long for 10% move in short term
Stock is in uptrend and has already given neckline breakout of Cup and Handle pattern breakout visible on daily charts. Once stock sustains above 930 we expect a good 10% move in short term
Stock is looking good and dips can be used for entry with targets of 470-90 to 520 in coming weeks.Stoploss can be placed below 420.
