PawanAdatia

PawanAdatia

clear base formation with breakout with volume. future up move highly likely

PawanAdatia

tech mahindra looking weak on weekly chart. next support area is base of accumalation zone. ie 914

PawanAdatia

sbi in trading range since long. it is showing weakness. Two tops n two lower low. Currently at support. background is weak.

PawanAdatia

waiting to see tata chemical at arrow to go long. Tata chemical in TR. one needs to play TR at extreme level.

PawanAdatia

monthly chart looking weak next support level on chart

PawanAdatia

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

PawanAdatia

long uptrend has healthy retracement. nifty sall cap index has very long trending move with some distribution or retracement evident.

PawanAdatia

seems it has more leg downside. long uptrending move which needs healthy correction or retracement which seems to in progress