Cluster of Resistance at 18600-18700. Crossing it can lead to some Covering.

 

Sensex Technical View:

There is a cluster of technical parameters which pose a resistance around 18700 levels.

- 50 dema

- 200 dema

- Breakdown trendline shown in green

- Also recent trendlines.

- Recent Top at 18690.

Crossing and sustaining above 18700 opens up to the next range of 19000/19400 which is basically 50/61.8% of the fall from 20660 levels.

 

For now one may focus on stock specific moves.

 

Stocks to watchout for :
TCS is on verge of a breakout and may head to 1200 + levels.

TECHNICAL ANALYSIS TRAINING'

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