200SMA is Tested today whereas 200dema is at 16690 which is 150pts away from todays close
Post september 2020, 200dema/sma is tested now in feb 2022 n it took 1.5 yrs
200 sma 16788
200dema 16688
Today many sectors tested 200dema/Sma after 1.5 yrs which is "Mean Reversion"
More from Shivaji Vitthalrao🇮🇳
Hindcopper cmp146+
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside
Previous low 135 can be the SL for longs.
Possible short term bottom here CONFIRMATION ABOVE 158 for further upside
Hindcopper -- Expect Buying interest once price cross/close above 157-158 zone pic.twitter.com/GfRd1yHFpH
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) July 5, 2021
Praj Industries - BIG Picture
155-175 Major support and also retest of breakout.
275-220 Probabable targets in medium term.
#PRAJIND https://t.co/dsbj25WPbQ
155-175 Major support and also retest of breakout.
275-220 Probabable targets in medium term.
#PRAJIND https://t.co/dsbj25WPbQ
Thanks. Praj Industries perfect smart distribution. More weakness below 336. Rise to 355-365 can face selling pressure.
— Shivaji Vitthalrao\U0001f1ee\U0001f1f3 (@shivaji_1983) August 10, 2021
Below 336 I see 275 in few months as long as its trading below 388 on closing basis CMP 351. https://t.co/iMRpbTfOpU pic.twitter.com/mKwgDwreaU