NSE:CANTABIL may be destined for a short term downtrend. Lower RSI levels would act as a fuel if more red candles are formed in couple of days.
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
NSE:HDIL Buy on Dips between 75-90. Expect a minimum 200+ by early next year. Hope the wave count is self explanatory
Stock forming new low, supported by low RSI and BB lower band.
Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
Will look to enter a long position depending on price action