SBI WEEKLY CHART
- The stock is trading near the channel resistance.
- The stock went up with low volume.
- look for a trend line break which can give at least 100 points on the down side.
- MACD in daily chart is about to give a sell. will be confirmed in the next 2 days.
- keep the channel top as stop loss and look for a short trade.
Take care
thank you
UNITECH WEEKLY UPDATED
UNITECH WEEKLY
- Unitech has broken out of the weekly triangle
- But it has to close above 81 for a good up move.
- WEEKLY MACD is about to give a buy signal.
- keep lower lower line of the small triangle as the stop loss and go long.
- Aban offshore moving up within a large triangle.
- Stock may move up till the channel top. so for short term long positions can be taken with channel bottom as the stop loss.
