Den has damn green volume within it. you can go for long. 1 - high volume observed 2 - cup pattern 3 - accumulation has done up to now maintain stop loss based your type of long
After the news of recapitalization of about Rupees 2.11 Trilion for Public Sector Banks the NSE:CNXPSUBANK charts were negative to sideways consolidations, Considering this sideways movement this gives an excellent opportunity to invest in PSU BANKS. I choose NSE:ALBK you can do similar analysis in other PSU Banks as well. NSE:INDIANB has actually given a...
welspun enterprise is formed as cup and you can also see a BIG CUP pattern from 2007 to 2017 data
Prabhat diary is started swing back and short term target can be reached in week to 10 days or even below. and may breakout can also happens due huge volume accumulating from few days.
sintex getting ready to breakout we can observe huge volume is accumulating and triangle pattern is also ready to breakout
ACCUMULATION is going on and price is in descending angle and breakout is started.
I had highlighted this stock earlier . It has since appreciated by about 30% and going strong. Price action is constructive today after yesterday's volume spike. I own shares in this company. Would add more today.
It has been observed in the chart that NIITTECH given break out at 447.5. volume also picked up and bounce from 200day MA. watch near 440/448 for target 530/580 stop loss below 420.
On monthly chart, it is been observed that the price action is been consolidation after a long downward trend that indicates accumulation of shares. Once it closes above 103 levels on monthly chart then it shall signals a new bull wave that will produce a great investment opportunity. Keep this also in your investment watchlist and wish you gain out something out...
My guess is, it is an accumulation zone. The clue to look forward is a test of the lower end of the range with relatively lower volume, followed by a sharp rally or a green wide-ranged-bar.
Target 107 | Stop-loss 61 * Multi-week sideways consolidation (read accumulation) * Bollinger Band contraction * Momentum oscillators inching towards buy crossover
The Stock seems to have formed the bottom and being accumulated, Buyers/Investors find that it cheap at current price level thus buying emerges. One can enter now with small Stop loss entry which offers decent risk to reward ratio.
Price has been bounded by the support and resistance zone. Price action on Friday indicates buyers are still active near the lower lend of the zone. A breakout past upper end of the red-zone would bring 133 into reckoning
Price seems to be setting up nicely for a rally. It has to clear a few resistance though. Sort out those levels and plan a trade accordingly. Worth having this one in watchlist.