Bodal Chemicals
CMP 66
Stock is at a critical support level…if it remains above 60 then either it should consolidate between 60 -80 range.
Any significant upmove can be seen only if it crosses and closes above80-85 range with significant volume.
But if it breaks 60 and starts closing below it, next support is near 42.
Monthly Chart
EPL Ltd
CMP 160
This has very little history and since beginning, it is in correction zone.
As of now, it seems to be consolidating.
Don’t foresee any significant move on either side till it breaks and starts closing beyond this range (red lines)
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.
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