manum24

manum24

It's 4 pushes by the sellers and it's away from the moving averages. after 4 pushes any stock or item changes character, we can expect a pullback till 244. The support is also a fib 50% level plus the round number of 225. The pullback should be violent and we can enter long after we see a red engulfed by green in hourly timeframe. I have already entered long,...

manum24 Updated 

Overall in weekly and monthly it is bullish. It's away from the moving averages. It is suggesting a breakout which is a fakeout as it does not correlates with the moving averages. the target should be 60% fib retracement which is 4520 appx. then it should have a target of above 4700. Let's se if it happens. if i can understand what i have learnt in all these...

manum24

There is weekly 200 ma resistance just under the support. Fibonacci golden level of 61% There is major support zone. Buy i dont feel that Marico should be bought in this bear market.

manum24

it' a fib level of 50% plus a divergence just forming. if we see a big red candle tomorrow, it can be a short trade. The trendline looks good and there's a zone just above, maybe it'll touch it and form a bigger diversion. it should b a better trade if the price touches that zone after breaking the trendline. if it touches 170 round number like before, that'll be better.

manum24

There is a fib level of 60% which has held the stock. There is a monthly positive divergence here. daily 200 ma is holding the price nicely. I feel it should be bought here for a long term. The weekly 2oo ma is close at 410 which might hold the stock into sideways trend. The trendline that i have drawn might be wrong, please give your suggestions.

manum24

There is a trendline in daily which has to be retested before going long. it has gapped up with force where buyer should dominate. moving averages are in favor of going long.

manum24

There is divergence to short. 3 pushes upwards are finished. 200 ma in daily is a resistance. There is a fib level of 60% I feel it should go down from here.

manum24

There's a big daily divergence. There are not 1 but to gravestone doji's on the top. major resistance level is also near. 4 waves are complete and it should go down now.

manum24

it is oversold plus a divergence is forming plus a major level of support is there

manum24

There are many factors i have jotted in the char itself, i feel it should be short with a stop loss of 126

manum24

It should go long as it will take support from a fib level till the next fib level. maybe we can get a intraday trade tomorrow for long and short, both.

manum24

i feel it's a triple combo. fib retracement at 60% level plus a trendline plus a divergence with a resistance level too. It should retrace and the target of the next support zone should be achieved. It should take it down to 80 points.

manum24

it's a trendline above and fib retracement, maybe it'll go down if it reacts but let's see tomorrow.

manum24

i feel it's a fibo retracement from 60% plus there is a trendline blocking the up movement. if it goes above the trendline and retests it, then we can see any type of a movement on either side, tomorrow!

manum24

I feel it has a lot of selling pressure according to the previous candlestick patterns. It should retrace from 50% level. There is a big negative diversion too. 3760 is a major level of resistance.

manum24

I feel it's too much away from the moving averages. 72% lifetime high fail. There is a negative divergence too. There is trendline resistance too in daily. Doji on top is also a selling confirmation according to candlestick patterns. it is overbought territory too. The 3 bullish waves are also complete and it's ready for a pullback.

manum24

I feel that it's a Fibonacci retracement from 50% level. There is a negative diversion in daily. There is a major support/resistance level too. RSI is in overbought zone