If you seriously follow us and understand simple concepts , you can check these things in a minute just by opening the charts and no need to wait for our reply
OCCL
CMP 720
It is clearly a Stage 4 stock …nearby support is 645.
On monthly charts, it is well below 40 months moving average for last few months…it will need strong tailwinds and huge buying by big hands.
Vinati Organics
CMP 1936
It is stage 3 – forming a base on the top .
MACD on all time-frames is in sell mode…but it is moving in a range – we call it time correction.
It is not falling much -that tells that few big hands have belief in this compnay and they are not selling it.
Also it is not going up -seems the company is not showing any cutting -edge advantage that may attract fresh buying.
Overall in a time-correction for last one and half years .
But of the company does not show any significant changes , then old lovers may ditch it out of frustration and it might fall in Stage 4 .If markets get into selling -mood ,it can go to 40 MEMA – ie near 1650.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
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