The scrip can be seen to rebound back from crucial levels by inverted hammer as it could have breakdown by bears taking control if gone below from rising wedge
Chances of bullish reversal due to:
1) %william near oversold situation and showing upward trend
2) Good fundamentals and recent show of results -
www.indiainfoline.co...-117072600346_1.html
After breakout confirmation, Bullish run expected beyond 52-week high Resistance (C)
Trade can be started after it crosses 116
Support can be taken as per chart
Note: RBI expected announcement on RBI repo rate cut could also turn favorable in the bullish surge of the scrip, in its bi-monthly policy on August 2
Call - 25-40 days
Chances of bullish reversal due to:
1) %william near oversold situation and showing upward trend
2) Good fundamentals and recent show of results -
www.indiainfoline.co...-117072600346_1.html
After breakout confirmation, Bullish run expected beyond 52-week high Resistance (C)
Trade can be started after it crosses 116
Support can be taken as per chart
Note: RBI expected announcement on RBI repo rate cut could also turn favorable in the bullish surge of the scrip, in its bi-monthly policy on August 2
Call - 25-40 days
تم فتح الصفقة:
Facing strong resistance at 115.90 levels by bears..
Feel that it should follow the bullish trend (reversal) once it crosses 116-117 levels
Feel that it should follow the bullish trend (reversal) once it crosses 116-117 levels
تعليق:
Probably, Can see the scrip reaching resistance levels as defined in chart again after reversal if the bullish momentum continues and also, by virtue of last leg (right shoulder) of inverted heads and shoulders pattern
تعليق:
The anticipated right leg is going as portrayed..
Volume surge is required now at breakout level of 120 to bring it to new highs
Volume surge is required now at breakout level of 120 to bring it to new highs
If momentum substains above 116-117 levels, good to go for touching resistance highs and breakout