NIFTY has closed below 200DMA indicating bearish trend.
Recalling 2008 fall:
NIFTY has fallen from a peak of 6300 to 2300, almost 60% fallen from its peak. however during that time it made lower lows to make it to that low levels.
After consolidating at lower levels for nearly 6 months between 2400 and 3000 levels. it rallied almost 100% within 3 months from...
STAR is ready for Triangle breakout on 1 hour chart, has a support at 487 level. have been posting good quarterly results for last two quarters. if it breaks lower side next support is at 468 followed by 435. if it breaks upside 550 will be the target. This stock is making higher high's on daily chart.
Today it tried to break 200DMA with volume, but failed. there is a chance for it to break on monday. Soon there is a cross over for 200DMA with trend line. stock has tried multiple time to cross 200DMA. it is already bottomed out, Accumulate on every 10% DIP. From Q1, FY20-21 i.e Apr-2020, we can see sales volume growth in auto sector. JAMNA Is domestic market...
NOCIL facing 200DMA resistance and formed higher lows with double top on wheekly chart by creating triangle pattern. considering positive news for specialty chemicals sector, it could give breakout upside mostly.