Every Chart has an interesting story to tell. The story of hope, greed, fear and New Opportunities. Here are some charts that offer attractive opportunities
ITC well positioned for Bounce
Source: Chartalert.com
Everybody loves ITC except the market 🙂 . The stock has disappointed everyone but it’s very interestingly poised on the chart for a decent bounce. [Science of Stock Price Action: The stock Gapped up and filled the Gap to bounce and once again has come down to that support level again.] Can it go back to 265+ again? If it does not, then Stop Loss hai na below 239
PSU Bank – The market loves me The market loves me not
SBI has done incredibly well from the lows of 260 and it seems other PSU Bank stocks are catching up. The problem – they give mixed signals and traders are confused. Bank of Baroda and Canara Bank offer an attractive opportunity on Charts
Bank of Baroda – The Golmaal trade
Source: Chartalert.com
Is Bank of Baroda stock turning around? Lots of people thought oh it has broken out above 103, then after yesterday selling thought it was a trap and now after today’s bounce – oh its a great bounce from the moving average. It’s pretty confusing but it seems like as long as the stock holds 98 it’s heading upwards eventually
Canara Bank – Clean Chart
Source: Chartalert.com
You cannot get a cleaner chart than this. The stock is nicely trending up with the support at 20 day moving average. The Resistance can come at 240 which is 200-day moving average.
L&T – Will traders support this stock?
Source: Chartalert.com
The market is moving higher but this stock is going lower. It stands at an important line of support. It’s difficult to trust this setup but if the stock bounces on 05th December, then expect some short term trading bounce in the following days. Sometimes, these lows turn out to be long term bottom for the stock. We will see. All you can do is make a certain assumption and then execute trades
Divis Labs – Compelling Breakout
Source: Chartalert.com
I have covered Divis Labs stock a lot and it seems like this stock has great potential to outperform over the next 6-9 months.
Glenmark Pharma – Never Forget a stock that has turned around
Source: Chartalert.com
Glenmark Pharma stock has done a classic turnaround and now even pulled back to its support base/moving average. The stock is a great buy between 320-330 with a target of 470+
Please do your own due diligence before trading. The above ideas are for educational purposes only