We are witnessing a Triangle formation on a daily chart in NSE:AUROPHARMA .
We are waiting for a Triangle Breakout on either side.
Downward breakout can lead the stock to 665-675 levels whereas an Upward breakout can lead to the stock to reach around 840-850 .
NSE:YESBANK fell almost 31% as it hit a low of 218.1 which is almost the same low that it hit in the end of 2016 and the starting of 2017. A strong support is placed at the same level.
RBI has asked the CEO and MD of Yes Bank, Rana Kapoor , to leave his post which lead to such a big intraday fall. Yes Bank has been given time till January 2019 to find his...
NSE:KPIT has been constantly taking support at its 50 Day EMA for the past 1 year now.
It has provided so many opportunities for entry and its once again at its 50 Day EMA which has acted as a strong support level.
it is also trading at a Trendline if we see the Weekly chart.
I continue to be long till the time it breaches its long term support which is its 50 Day EMA.