has hit 52 week high on 11th feb
closed above 100 sma
three outside up candle formation on daily chart - bullish reversal
weekly adx above 30 - bullish trend
NEXT TARGET - 300
reference chart with entry level below
Sun Pharma had taken support at 100SMA in daily charts. Usually stocks taking support at 100SMA shows good momentum in upmove. Retracement offers low risk entry levels.
Please wait for the following price action before entering :-
1) Wait till the price takes support at the 100 DMA
2) Followed a strong rejection candle like the bullish umbrella
3) a strong close above the 100 DMA
Please wait till all the above mentioned price action is occured before taking up the trade. And keep a strict stoploss...
HINDUSTAN UNILEVER DAILY, took support at 100 sma for 2 times finally broke yesterday.
It took support at 200 sma for 2 times now again sitting at 200 sma with big red candle.
Sign for bearishness.
HDFC, DAILY supply & demand zone along with 100,200 sma holding the HDFC from heavy fall.
Will the demand zone and 100,200 sma will be broken down?
or will it rally towards the supply zone?
BALKRISHIND good upward breakout from downtrend channel.
No doubt it will break the 50 sma and it will rally to 100 sma but 100 sma is a strong resistance for balkrishind because previously twice 100 sma has rejected the price from going up.
target 915-920; sl 805
