The volume action looks good for this one to be classified as a genuine double top. The stock should promptly return to 70 level.
TATA MOTORS --Nice Touch of the Broken Trend line . Also 50% retrace of previous fall. Momentum LOSS. This one should be SELL.
This stock is forming a Symmetrical triangle . The thing here we are not sure which way the break out will occur. Its striking the Trend line . If it breaks the Trend line with HUGE volume , its a buy . Just watch now. Break out should be very near
REPRO ---- Double TOP in this one . Should come down to 130.
HCL Tech . A classic RETEST of the TREND LINE . After the Head and Shoulders break down . Now a DARK CLOUD cover at overbought levels.
Canara Bank-- BEAR FLAG .
TATA MOTORS --Nice Touch of the Broken Trend line . Also 50% retrace of previous fall. Momentum LOSS. This one should be SELL.
This stock is forming a Symmetrical triangle . The thing here we are not sure which way the break out will occur. Its striking the Trend line . If it breaks the Trend line with HUGE volume , its a buy . Just watch now. Break out should be very near
Sasken :::BEAR FLAG
REPRO ---- Double TOP in this one . Should come down to 130.
JUBILANT FOODWORKS.::-It had a very good ride . but now the charts look DEADLY BEARISH . HnS pattern can be seen with DROPPING NECKLINE . Though HnS is not confirmed till now , its better to NOT HOLD this one . It had found support in its long term Trend line . it might not this time . This one is UGLY . This should target 350 levels.
HeroMotors. --Double TOP. Bearish Reversal Candle at TOP. What else do u need to make up your mind to sell.
HCL Tech . A classic RETEST of the TREND LINE . After the Head and Shoulders break down . Now a DARK CLOUD cover at overbought levels.
Gitanjali :--- people holding this one must be paying attention . though VOLUME action is not very clear , I still consider it as DOUBLE TOP . It has a higher chance of breaking the TREND LINE this time . Huge volume sell-off.
FORTIS :-- This one could be bought with a target of 144.
Canara Bank-- BEAR FLAG .
BEML should target 700. WolfeWAve target red line.
Jonak,
ReplyDeleteVIP had a 5:1 split, plz update your chart. It'll look a little bearish in med-term.
Regards,
Rajib
ok
ReplyDelete