Explanation
Our preferred view on Sensex is down!
More negative confirmation will be obtained on a move below 16600
More negative confirmation will be obtained on a move below 16600
Hindalco
It is plausible to count move up in Hindalco to be complete in a Z wave
Prices broke below mid channel line support
We do not rule out the possibility of prices retesting the highs of 144.50 but a break below 132 will increase our negative bias
USD/JPY prices rallied more than 3 percent in less than 3 days, a sign of Dollar strength
One can initiate short position on Hindalco only once it breaks below 130 levels
Prices broke below mid channel line support
We do not rule out the possibility of prices retesting the highs of 144.50 but a break below 132 will increase our negative bias
USD/JPY prices rallied more than 3 percent in less than 3 days, a sign of Dollar strength
One can initiate short position on Hindalco only once it breaks below 130 levels
Suzlon
Suzlon - A strong breakdown! This indicates more downside possible
Maruti
Maruti 29 day Cyclicality and Left translation suggests further weakness to come in the stock. We expect a trendline break!
Maruti 29 day Cyclicality and Left translation suggests further weakness to come in the stock. We expect a trendline break!
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