clear base formation with breakout with volume. future up move highly likely
tech mahindra looking weak on weekly chart. next support area is base of accumalation zone. ie 914
sbi in trading range since long. it is showing weakness. Two tops n two lower low. Currently at support. background is weak.
waiting to see tata chemical at arrow to go long. Tata chemical in TR. one needs to play TR at extreme level.
monthly chart looking weak next support level on chart
normally after long uptrend a normal retracement is expected. if we observe nifty weekly chart we have not achieved good retracement till date. seems more downside possible
long uptrend has healthy retracement. nifty sall cap index has very long trending move with some distribution or retracement evident.
seems it has more leg downside. long uptrending move which needs healthy correction or retracement which seems to in progress