The moving average works just as well in lower and higher time frames. As a result, day traders will find benefit in placing 50-bar EMAs on 15 and 60 minute charts because they define natural end points for intraday oscillations
NSE:SANDHAR
high volume breakout in sandhar technology, also formed double bottom in weekly timeframe
:educational purpose only no recommendation to buy
Britannia gives a chance for a long trade after breaking out of its consolidation zone and has now made a pullback to the resistance of that same zone while giving a rejection of the 50ema giving us all the confluence we need
Favourable risk to reward with a quick profit
Stop loss below 50ema
Keep It Simple
INFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume.
Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45
Tight stop...
HCL tech broke past its long term trendline and made a retest while forming a reversal candle and has now broken out after a tight box consolidation.
Limit order could be placed right above the 50ema for a quick profit at 948.60 for 1:1.5 risk:reward
Keep It Simple
BPCL has beautifully respected its uptrend after taking support from a long term trendline and 50EMA during the pullback after successfully
creating a head and shoulders as updated on my previous analysis of BPCL.
All of this done on above average volume
Traget at 346.75 which is the recent high
Stop Loss: Below 50EMA
Keep It Simple
Beautiful number of confluences have been shown by NAUKRI
1. Support of the 50EMA
2. Support of the trendline
3. Break of 200EMA
4. Very favourable and quick risk to reward ratio
All this was done on above average volume making a high probability for a long trade.
Target should be at the next level of confluence 4881.
Keep It Simple
You can initiate buy Trade now as retest on Trend line and 50 EMA has been Made, also i shared a post regarding Double Bottom Yesterday, its target has also been achieved.
Target Levels are mentioned in Chart.
Is trend reversing in Godrej Consumer?
Reasons/Traits :
• Price is exactly at a point for breakdown of the trend (4th time trying to breakdown)
• 0.236 level will it break or take support to go up?
• Price about to touch 50 EMA
• Bullish since May
• RSI strength is reducing and is below 50
• Price is lower than previous higher highs
• Perfectly trying to reverse...
Zee Entertain Ent NSE:ZEEL
Formed double bottom on 4h candle chart and above 50 EMA
Looks good for few quick bucks
Entry : 217.1
Target : 227.6
SL : 209.65
A long term downtrend broken by Tata Power. Retest of trendline also successful with support from 50EMA.
A possible long entry for a positional trade.
Targets 92 and 101
