Many times we were discussed about the Indian
market and stocks. Today we will see the short chart analysis of American Index.
The reason behind is that the sentiment of the American Market strongly impacts
on our market that is the reason everyone is tracking USA indexes.
Technical
Overview of DOW JONES: On last
Wednesday, DOW JONES has fallen by almost 550 points and closed near day low. However,
our Independence Day has saved to our market. As we can see in the below chart
on 15th August DOW JONES made Spinning
Top near Trend Line and closed
exact near support. If you are a chart analyst then you can easily identify the
Morning Star chart pattern and that
is near support. Technical signals are looking positive and it is good for our
market.
Technical
Overview of CANARA BANK: We have identified analysis on the weekly chart. We can see in
below chart stock has made Triple Top
and now trading around monthly as
well as weekly Trend Line Support. In the
last week, the stock has given small bounce and closed in green and chart
pattern is Morning Star. It is not
looking very strong chart pattern however other all supportive signals are
positive.
Technical Overview of IGL: On 16th August, the stock has gained by 3.5% in a day. That is the “Triangle” and “Trend Line” breakout, volumes are too good. The stock was trading in lower low & lower high and this trend has broken on last trading day. It is looking good long for next 5 to 10 trading days. There are chances to open gap up, we can buy 50% quantity at the opening price and the remaining 50% on the correction. Looking good buying zone between a range of 315-320. Keeping stop-loss of 305 and targets are 340-350. The lifetime high is 350, if it is broken and close above then targets are looking big i.e. 370-400.
Telegram: https://t.me/equitygamechanger/
Website: https://www.money4me.in/
Website: https://www.money4me.in/
No comments:
Post a Comment