Sensex is at life time high. Nifty is very near to its life time high and only few of the large caps are showing bullish pattern. Some stocks which were showing reversal pattern that too failed today. Just can't understand we are in a bull market or bear market or bears are just preparing honey trap.
Some stocks observations which i noticed
1. Axis Bank was showing rounding bottom. Failed today!
2. Canara Bank. Break down a larger break down. Technical targets of that are 180 and in extreme case 160. However 215-200 are good supports. I am holding the stock from much higher levels.
3. GM Breweries. Multiple tops are made at 966 and now trend line break down. Technical targets are again horrible.
4. Lupin which was showing signs of upside break out after consolidation failed too.
5. McDowell a break down almost of same intensity as GM breweries. However near 600-560 good support. Holding stock in family portfolio.
6. RCF. Rounding bottom failed.
Disclosure: I am not a SEBI certified analyst. These are just observations and not trading recommendations. Stocks holding already disclosed above.
Some stocks observations which i noticed
1. Axis Bank was showing rounding bottom. Failed today!
2. Canara Bank. Break down a larger break down. Technical targets of that are 180 and in extreme case 160. However 215-200 are good supports. I am holding the stock from much higher levels.
3. GM Breweries. Multiple tops are made at 966 and now trend line break down. Technical targets are again horrible.
4. Lupin which was showing signs of upside break out after consolidation failed too.
5. McDowell a break down almost of same intensity as GM breweries. However near 600-560 good support. Holding stock in family portfolio.
6. RCF. Rounding bottom failed.
Disclosure: I am not a SEBI certified analyst. These are just observations and not trading recommendations. Stocks holding already disclosed above.
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