This script is trying to negotiate its future around the gray zone. If gray zone is compromised, then it can have a bearish activity in the near future.
After the sudden fall, the script has started following the range bound activity, as shown in the chart drawing. Bounce from the lower zone of range shows positive bias till the lower support is intact.
As disclosed in the chart drawing, I am trying my best to analyze the script to best of my ability. I feel like support is established in the mentioned script and if it holds, potential medium term target appears to be decent.
It is appearing to be a support formation in this script with a possible long target as shown in the chart drawing. Will be interesting to watch the script from, learning point of view.
It is a tough call, I know still, if charts are attractive, then, I can't resist to post my views. As shown in the chart drawing, I feel like, support formation and a target zone appearing. Let's keep watching the script.
This script giving a positive outlook with recent price action around marked support zone. This support zone if it holds, may drift the script towards the target. Overall, most of the cement stocks are showing positive traction with few exceptions.
As, the new month began today, and the gray zone marked within the chart drawing, is significantly the action zone as per my little understanding about the markets. I feel, we must be cautious as of now till we better understand the consequences.
Everything is possible in the stock market. Today, this script had such an abrupt movement. I am astonished time and again. What would have been the story with the SL orders? I am unable to grasp the movement but still was an experience.
As the script has hit my target today, I am done with it as of now.
As, disclosed in the chart drawing, I feel this is the short-term trading zone for Nifty 50 based on my understanding of the price movement.
This script has given a breakout recently and has been seen reacting from the support area recently. Script looks interesting as of now.
As shown in the chart drawing, I was assuming a support zone and was curious to watch reaction from the support zone. But the script, had something else for me, by gapping down so severely. But after gap down, it tried not to close below the last possible support, and I want to watch this further in near future. Will be in my radar, will explain more once, I...
After all what is analysis to me, it's a ego satisfaction, to some deep level. Market moves, on its own merits, and I can't pinpoint it on my merits. But, there are moments of celebration, which we must cherish.
As disclosed, in the chart drawing, its better to watch reaction of this script in the support zone. Long trade may work in favour.
As discussed in earlier post the script was giving clues of accumulation near support and rightly so it has achieved its 1st hurdle target.
As discussed in the earlier analysis, I was biased towards long side in this script. Now, since it has travelled a great distance, near term hurdles are shown in the chart drawing.
It looks like a buy based on indicator-based analysis. Weekly support hints me to be positive on crude oil as of now.
I am still watching the script, I means just watching, will watch it more to gain more experience.