MY CHARTS-My Technical Charts for TSet

#76
Re: MY CHARTS-BILT Chart pattern

Hi,
I hold BILT stock. Bought around 123 last week based on the assumption that it is stuck in a upward trend channel, Price target being around 133 Rs.

Please look at the updated daily chart again, EOD 3 Nov-06
It shows that support line being penetrated, signalling that there is a weakening of the trend.

However if I look a the the candle stick chart for the last few days it indicates a formation of
Tweezer bottom, which is a Bullish reversal pattern.Also there is Dozi line on the last day, because the stock has neared the support.

Based on these observations should I continue to hold this stock or exit with a loss.

Thanks and Regards,
Vikranth
 
Last edited:
D

darsh_goswami

Guest
#78
So many breakouts occured for short term in last trading session.

Cements n Construction stocks given bullish breakouts while IT stocks r on negative.

But as far as it concerns to Nifty and if u can believe what chart speaks then my chart speaks that if it is able to sustain over 3812. And give close above 3820. We can expect 4050 in next few trading sessions ,... Dont believe it ? U will have to believe it ..

For god sake dont remain short. It might snatch away ur underwears even.

Regards,..
Darsh
 
#80
Hi,
Please find updated BILT chart for EOD 6 Nov.
The close price has been right at the support line. however the intraday has been much lower.
Should I exit my position bought around 124.

Thanks and Regards,
Vikranth
 

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