Drbukkabwoi
EMLSimple chart.. broke out rejected at GP, Now retesting the trendline. probably another move incoming
SLTHere comes the Specs!
SLT rose back today with a hidden bullish divergence.. Do note that prices are within a rising wedge pattern. and if rise up abruptly can make a bearish divergence..
there is that! and news.. balance your scales lads
SL-78
EXPOtoDespite many negative rumors, expo bounced up from its trendline support. (131.5) today at the bourse. If anyone entered a trade, one can hold on to it with a strict stop loss below 130. It has currently completed 5 waves within the pattern. So likely to see a big move soon.
Follow the earlier charts to see the prior movements
EXPO **THIS IS PURELY FOR TRADERS**
Expo small time framers are showing bullish divergence, likely it will show upward momentum, or will take a brief look at lower support before bouncing back. however having a stop below lower trendline is a must. Buyers risk is lowest at 135 levels.
ASPI update 3/19
Index has gotten support from the previously broken rising wedge trendline and bounced back well. However there is a slight chance of making a bearish divergence, unless last HH 9773 is broken. However next major resistance is at 10150-10200 range. Note that it will be a tough one. Once broken Next major resistance will 11000-11200 (GP resistance from ATH to last years low).
NB - I have used multiple fibs to get resistance, but zoomed in for the viewer convenience
LIOC - Updatedlasted update from lioc. Did we have a fake out?
Stil trading with GP with moving averages aligning together
JETScan expect a relief rally until 8, however weekly time frames still looking bearish with trading well below DMAs.
and there is a big bear flag on the brink. Broken down RSI had been retested
Traders should have their stop at 6.4
EMLKeep a very close eye on this counter. It is grooming to a big breakout very soon... close above 4.6 will turn the counter towards bullish side.
Note that all the MAs are converging together
AHPL watch out for the inverted head and shoulders break out.. pattern target is marked with a green line.
downward trendline is need to be broken with volumes for any bullish move to sustain.
Volumes are gathering in to the counter.
RENUAfter making a bearish divergence and getting corrected now prices, now getting support at fib levels.
RSI might give a buy signal if the triangle breaks up. (another illquid one)
RCHThough another illquid counter, RCH seems like its ready for another leg up. RSI need to retest a bit. Overall counter seems to be in a massive symmetrical triangle
with prices trading well above 200DMA. Look at fib levels for resistances
NEHcounter looks sluggish and trading with a channel. Due to illiquid nature of it, movement seems minimal.
AHUNAfter getting rejected at GP, counter currently seems getting support from a previous resistance 58 area. likely to break GP area and continue.
KHCShows more sideways movement while trading within a channel. Close above 8.2 will be important for the counter to go to next stage of price action
KHLKHL is trading well above DMA cluster, however currently facing GP resistance and got rejected.
RSI shows little bit more sideways action short term
ASCOsimple chart..showing strength.. RSI needs to breakout 14.1 will be a pivot towards bullish side
PLRPLR is currently moving on a uptrend as visible, but being rejected at GP. It will likely to retest in in coming days. Two support levels are marked for the new entrants.
RSI trendline has broken and currently on a retest.
AGSTBroken down from a descending triangle and now made in to a falling wedge.
4hrly RSI shows bullish divergence!
CIC.xbroke out a triangle now on a resistance zone. Breaking 58 will be vital for bulls to take the prices higher
CFLBcurrently dwindling in a symmetrical triangle. breakout of either side can be expected. However note that prices are still above 200DMA, making it the counter still bull Mid-LT
LIOC - oily mess?
LIOC failed to break 0.382 fib level last time... and got rejected at 206.75. Prices have declined ever since.
Next crucial support should be 183. Entering here with a strict stoploss can be done ideally. (1%-2%).
RSI may need to find support from its trendline as well.
**Remember sometimes the negatives are already priced in**
ASI - 3/13 After a big breakout from an IHNS, good profit taking has happened in in ASI, and prices found support in neckline + upper border of rising wedge.
many overheated counters were cooled down as well. Banking sector got its much needed pullback!
