Long or Short Opinion
- Thread starter rajputz
- Start date
- Status
Punjlloyd - Suzlon - Sell
Today Both the shares in positive market witnessed a huge selloff. I am expecting a further downside in the movement of the stock. Although if we look at stochastic and RSI for the particular stock we are already in an oversold zone. But stochastic and RSI are both the lagging indicators and can remain in the oversold and overbought areas for months.
The price just took resistance as it was approaching the medium term reisitance EMA 20 and 34. Pivot low is broken with good volumes, and CCI also in the confirmation giving a Zero Line Reject.
there is only one hitch that i have about the Punjlloyd. According to calculation on Market Failitation index (Which actually compares the volume + Price range movement) suggest that it is a squat for punjlloyd. and we can see a reversal according to it. But if price remains below the last days low, then its a failure.
Check the charts: -
Punjlloyd
Suzlon
Today Both the shares in positive market witnessed a huge selloff. I am expecting a further downside in the movement of the stock. Although if we look at stochastic and RSI for the particular stock we are already in an oversold zone. But stochastic and RSI are both the lagging indicators and can remain in the oversold and overbought areas for months.
The price just took resistance as it was approaching the medium term reisitance EMA 20 and 34. Pivot low is broken with good volumes, and CCI also in the confirmation giving a Zero Line Reject.
there is only one hitch that i have about the Punjlloyd. According to calculation on Market Failitation index (Which actually compares the volume + Price range movement) suggest that it is a squat for punjlloyd. and we can see a reversal according to it. But if price remains below the last days low, then its a failure.
Check the charts: -
Punjlloyd
Suzlon
- Status
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