Hammer on monthly , Massive demand from monthly supply ,Risk off
weekly chart breaking out
short-term trader stop below last week close
Cross pair and is volatile one should be comfortable with big moves in these pairs
It used to be my favourite stock to trade with high intraday moves and good with volatility was a good stock even for options .
High debt over years and now very low Jag and landrover sales with heavy discounts ,I believe if company doesn’t do something quick this will become junk .
I also think that multiyear pattern are in the works and won’t be surprised if...
Has rallied sharply last and not after correction has found support at weekly supply zone
For short term trader if close below 137 should trigger stop but overall bullish
also on longterm chart is setting up for a long term breakout which will update later once this move materialise 140 next then beyond .Long term 145
Risk is any negative news regarding Brexit...
Ncc Ltd - Engineering and Construction
Focus on Building and Housing ,water and irrigation, electrical ,roads metals ,power, railway and mining.
Bull Flag Breakout on decent volume after a long term correction.
Valuation looks cheap as well .
Buy on bull-flag top retest or clear break above 30 .
Stock can be little volatile and stop is advised to be at atleast...
Nifty has come a long way from lows of March /April but I my opinion it is just a correction before next leg down .
As one can see clear direction of idolise legs on longer timeframe .Fundamentally as well nifty has gone too far to last but that’s how bear market rally works and is more mix of short covering and fear of missing out .short term chart candles...
Steel Authority of India - after years of depressed prices It is showing life
Breakout and multi year cycle reversal on the cards .
Leads to start of longterm Uptrend.
Its my personel opinion you trade at your own risk
In my personel view Price Increase on high volume .
Might come back and touch 36 but 36 is a solid level on charts.
Ideal entry level will be as close as possible to 36 .
I think once Euphoria is finish stock will give good entry point as I see a possibility of CUP AND HANDLE PATTERN on lower time frame in making.
This is my personel opinion and not a investing...