ICICI Bank ICICI has broken its medium term trendline on Weekly charts, which is a bearish indication. Positional traders should look for close below 953, which gives short term target of 932 and 898. Buy above 968 Tgt 978,987 and 1001 SL 960 Sell below 953 Tgt 946,935 and 924 SL 960 Asian Paints Asian… Read More »
Hero Honda Hero Honda share has been trading in downward channel,yesterday hit the top of channel. Share was unable to cross and close above the falling trendline indicating rise was backed by short covering only. Buy above 1726 Tgt 1742,1753 and 1768 SL 1713 Sell below 1695 Tgt 1681,1676 and 1667 SL 1700 Bharat… Read More »
Technical analysis reflects the voice of the entire marketplace and, therefore, does pick up unusual behavior. By definition, anything that creates a new chart pattern is something unusual. It is very important for me to study the details of price action to see if I can observe something about how everybody is voting. Studying the… Read More »
Century Textile Century textile is trading in a perfect down trending channel with support at 385 and resistance at 404. Yesterday fall was backed by volumes, If stock is able to hold range of 380 can see a bounce back till 400 odd levels. Buy above 392 Tgt 395,400 and 404 SL 389 Sell below… Read More »