Rupa
CMP 231
We covered it in April 22 when price was at 352.
Currently it is in a support zone-seems oversold – daily RSI is near 20s .
Either it should stop here or after a little more fall- should start forming a base.
But can it bounce backsignificantly in short term ?
Well we doubt ! We need strong hands to enter here and that should be visible in volumes.As of now , no hopes.
Monthly Chart
GPIL
Keep in mind that we don’t give any recommendations. We just reveiw charts and give our assesment and we’ve a right to go wrong as just like DCF , these are probability studies.
We see strong support at 310-330 zone. We would hold it till it does not break this range.
And we’ve just made entry in certain steel and metal stocks – we’re playing on certain macro factors and our bet is for long term without bothering about 10-20% up/down movemnts.
Weekly Chart
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.
| Subscribe To Our Free Newsletter |
