Monday, August 9, 2021

Some Chart Study For 10-08-2021. 


Britannia 3 MA at almost  same level and 50MA cross 100MA and 200MA, 100MA cross 200MA. is look good positive indication.


Britannia break trend line and close above that.21 and 34d EMA also positive cross over there.


AS per this chart we see on RATIO chart also break trend line and support line.
One can buy above 3650 for target 3710 with stop of below 3625.
 

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Eichermot we see upper trend line break and close above that but followup buying not seen and again close below trend line. if break yesterday low and sustain then se we see more downside. one can sell below 2716 for target 2645-2640-2615 with stop of above 2650.


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KOTAKBANK near resistance trend line and near 200d SMA also there. 
If fail to cross the we see some downside.
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 Grasim on price chart we see is close near trend line, But on Ratio chart we see its break trend line.
 we may see some more downside in coming days if price also break trend line.
  
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LT look 5 wave Complete.or near to complete. At top we see triangle pattern,if break support trend line then we see more downside.

 
 

 

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