Continuing the Exercise, time for the weekly review of this:
Stocks which were at 5 Low:
1. #BIOCON : Swept equal lows, good bounce
2. #JKTYRE : Back at Support
3. #HINDUNILVR : Broken previous Support
4. #GODREJPROP : Good bounce, at Equal highs
Stocks which were at 13 Week High:
1. #SBIN : Testing broken resistance
2. #LICHSGFIN : Testing broken resistance
3. #DCBBANK : Testing broken resistance
4. #CHOLAFIN : Testing broken resistance
Continued..
5. #TATACHEM : Broke ATH BUT back down
6. #NOCIL : Tested Support
7. #MFSL : Consolidating at Resistance
8. #BAJFINANCE : Looking Good, tested broken Resistance
Continued..
9. #PHILIPCARB : Consolidating at Support
10. #RALLIS : Back at Support
11. #GNFC : Rejected at Resistance but back at it
12. #GICHSGFIN : Rejected Badly after Breakout
And final three stocks..
13. #RAIN : Consolidating below Resistance
14. #DEEPAKFERT : Going Good
15. #HAVELLS : Looking Good, testing broken Resistance
Learnings:
1. 5-Week low stocks: Some looking bad but some are reversing back
2. Majority of 13-Week high stocks are retesting Supports or Consolidating below resistance
3. Some 13-Week high stocks looking weak due to Bad Rejection at higher levels of Resistance
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