Ready for breakout from CNHNice 14 week base showing signs of accumulation. good fundamentals. holding 50 DMA.
Pocket pivot on Thursday with good follow through. Entry above 1274.
Shows the change of character with pullback entry on 50 DMA.
Accumulation
Colgate Palmolive - Investment Grade IdeaColgate Palmolive looks good to buy at levels marked in the chart. Our view is for investment for around a year.
Views only for educational purposes.
Bajaj Auto | Accumulation done with breakout | CMP = 2957.70
Target = 3273
Stoploss = 2797
lot size = 250
At a support zone shares are accumulated for nearly 7 trading days and now on the 8th day there is a breakout with decent volume
It can be false breakout also so be cautious before making trading decision
so we can see a good upside movement ahead
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Educational purpose only
Mahindra & Mahindra Finance It's in the accumulation phase here.
One can collect it in between 127 to 141.
147 is of high resistance.
If it breaks 147, then we can see 160 and 190.
Play with a strict stop loss of 127.
Balaji Amines looks good for long term positionsGood accumulation shown in the stock backed with high volume in the weekly chart. The stock is in all time high positions. Adaptive as well as static relative strength above 0 lines with increasing comparative relative strength.
ITC Looking good to BUY at these levels. ITC looks attractive to buy at these levels for a target above 200,
Larsen: Huge Accumulation in progressLarsen price havent moved significantly in past few weeks.
Any slight upmove followed by retest levels where it retrace near Fibonacci levels. ( Approx 38.2% in most occurrences)
Any significant volume upsurge is invisible and evenly distributed across weeks.
Heavy resistance near 1000-1020 levels.
If price crosses these levels with good volume, the result will be a breakout & rally till 1100 levels.
LONG if breakoutSeries of higher lows.
Accumulated & breakout previous resistance.
Seems to be accumulating again!! If breaks, might give a move!!
Nifty is in consolidation: 11600 or 11000 is on cardPosition's are getting created here (Consolidation)
The people who have good knowledge of
derivative can say whether it is accumulation or distribution.
If accumulation it will go up
if distribution it will go down
I do not have good knowledge of derivatives
so I will wait for breakout.
BREAKOUT TRADEAfter nifty being weak, pharma sector is back in momentum again. With this momentum stock has given a breakout with good volumes and RSI in bullish momentum. Stock is trading at all time highs and the momentum seems to continue for few more sessions ahead.
NOTE: Key level for stock is 2540. It should sustain above this level.
SIMILAR BREAKOUT: DR. REDDY'S LAB
Disclaimer: Take this views for educational purpose. Trade on your own risk.
Happy trading. Happy Investing!
SBIN Technical AnalysisSBIN is in an accumulation phase after a nice downtrend. The market structure is very promising. If it breaks the resistance of the accumulation phase it will start a nice uptrend. Do keep a watch on it.
may be in accumulation phasehi, raising OBV with ranged price many be sign of accumulation, breakout will confirm it
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