The price action looking weak as it confirmed a Lower High (LH) and now it may continue the downward trend and will fall further down. The price action may reach to following targets. T1- 1900 (1:1) T2- 1600 (2:1) SL - 2360
look to take sell positions from fib levels with tight stop loss.
HAMMER ON WEEKLY CHART WITH HUGE VOLUME BUY AT 2690 WITH SL GIVEN
Naukari Stock Analysis. (This view is only for study purpose) 1. Its about form 3 T pattern.. (Please note this is my first attempt to find this pattern it may be wrong) 2. Its has been consolidating in large sell off market. Mean may be institutional accumulating this stock.I do not have evidence yet to confirm that. 3. Volume is drying from its peak to till...
the price is breaking out of the trend. ore upside. specially on a day when the markets are down
ENTER AROUND 1670-80. RISKY TRADE AS TRADING NEAR ALL TIME HIGHS. REST MENTIONED ON THE CHART.
A high Risk Trade can be tried with stricter SL, All mentioned in the chart. Since it is in the uptrend so one can wait for 1670-80 for an entry.
Weekly C > 1414.50 and H >1500 with strength required For a Target to 1616 / 1793 in 3-5 weeks CCI(W/M) crosses 100