WTF !!!!! this is the highest ever seen builtup of shorts in a single day for both current and next expiry 700 % buildup....OMGGGG 5 years into trading and this is the first of its kind with margins set to increase after 3 days, this can take any turn from here... steady decent or EXPLOSIVE short covering ALL TO STAY AWAY
ONMOBILE based on patterns show a strong rally ahead.
- Lack of Volume is making Gland Pharma move sideways for quite some time, next few days would be crucial. - It can either breakout and go to 3350 level or breakdown and go to 3000 level. - There is high possibility that it may move sideways for sometime
Triangle pattern can be seen on chart.. once broken it can touch its first resistance which is 40.35 if this price is also broken then we can expect the price to go towards 45. Feel free to correct me in comments section. Thankyou.
Raymond has given weekly breakout looks like it can touch 460 as i can see 462 is the first resistance if this price is also broken then we can expect the price to go at 554. P.S- Anyone can correct me if im wrong. Thankyou.
Prints when the market is indecisive. Price market higher lows & lower highs. It is the situation where supply and demand are near to equal. The trading range becomes smaller and smaller within the triangle. It represents a pause in the exhausting trend after which the original trend is resumed. 1) The minimum requirement for a triangle is four reversal points....
IRFC was in downtrend for 2 months from March to May, and from last month the stock has put up a good show. The stock has seen more than 2% gain today with good volume In my opinion it will be a good buy if it closes above 25.4 on a daily basis for both short term and long term
Head and Shoulder forms in an uptrend. It is a reversal pattern. chart is self-explanatory
Inverse head and shoulder forms in downtrend and it is a reversal pattern.
Easy trip was in consolidation phase from march to may and from last 1 month it has shown great momentum, this momentum might continue with ease in travelling and less corona virus cases in India on a daily basis.
NSE:HINDALCO Hindalco can make a new 52 weeks high in coming days. Looking good for short term.
Power Grid can make an all time high in coming few weeks, watch this stock.
With India recording lower cases day by day and peak of 2nd wave left far behind, entertainment stocks like PVR can show some good uptrend in coming months.
SYMMETRICAL TRIANGLE Clearest Symmetrical Triangle formation you will ever see. Multiple rebounds from bottom and top trend lines. Trading within the pattern. Symmetrical Triangle is a Bilateral Pattern, i.e. can go either way. Therefore, Technical Analysis needs to be supplemented by Fundamentals to assess more likely outcome.
NSE : HINDALCO,1D Breakout possible @390 levels :) Wait for more volume :)
prefer selling...