This analysis is for my study purpose (I am not SEBI registered). No recommendation to buy or sell by any chance. Decision to invest is totally yours. Even I don't invest on my ideas, so be careful :)
1. Jindal Steel & Power
Very interesting graph. Pattern is of rounding bottom which is kind of bullish, and it did jump from a good support level. Certainly one to keep in watchlist.
CMP 205.45, Move above 229 will show us 247/261/273/290. Move below 187 will show us 174/158/128.. lets see where it goes..
2. Venkys
It did 100% retracement from top of 4300+ till 1935 and bounced from this level. Notable thing is after 25th Apr 2018, for the first time it has closed above 20 sma. RSI is about to enter into bullish territory. SHOULD be on the watchlist and can enter in small quantities with stop of 1930 for long term.
1. Jindal Steel & Power
Very interesting graph. Pattern is of rounding bottom which is kind of bullish, and it did jump from a good support level. Certainly one to keep in watchlist.
CMP 205.45, Move above 229 will show us 247/261/273/290. Move below 187 will show us 174/158/128.. lets see where it goes..
2. Venkys
It did 100% retracement from top of 4300+ till 1935 and bounced from this level. Notable thing is after 25th Apr 2018, for the first time it has closed above 20 sma. RSI is about to enter into bullish territory. SHOULD be on the watchlist and can enter in small quantities with stop of 1930 for long term.
No comments:
Post a Comment