Once closes above 1750 we can see the 1900 level here.
1750 a resistance for L&T
As pointed out earlier L&T have taken support at 1450 level and now it is at the crucial level of 1750 where there is resistance.
Once closes above 1750 we can see the 1900 level here.
Once closes above 1750 we can see the 1900 level here.
Relook at SBI and L&T
I had posted earlier about bearish outlook in these counters. Now I am re-looking at them. After the last post both L&T and SBI went down (as predicted) but now these two charts are showing different indications.
SBI after current breakdown has turned very weak and further downside of 2200 can be seen.
While L&T on other hand have taken support at about 1470 level and there is bullish divergence in the OBV. In fact L&T's chart is now a case study for the Acc/Dist and OBV are showing two different view.
SBI after current breakdown has turned very weak and further downside of 2200 can be seen.
While L&T on other hand have taken support at about 1470 level and there is bullish divergence in the OBV. In fact L&T's chart is now a case study for the Acc/Dist and OBV are showing two different view.
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