UPL on Weekly timeframeHere, we can see the resistance is acting as strong support now.
Volume is generating for this week.
Probability of strong upward move is high than downwards.
This post is for education purpose only.
BLUECHIP
Breakout by Bluechip #bbbBreakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.
Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect higher target at this levels.
But thinking to capture a small swing scalp with strict stoploss.
This post is for information purpose only.
Bharat Electronics Investment PickCheck to the chart for more detail and analysis.
Happy trading !!!
NSE:BHEL
WATCHOUT FOR THIS!!!Again, this stock was on my list from past month where it had to be accumulated and it has finally come out of the consolidation zone, it looks likely to give a breakout over 560 this week, make your positions on the long side with the mentioned stop-loss, stock has a lot of potential and can actually surpass it's all time highs!
HCL Tech is giving an RR of 7Please follow these rules before taking a trade :
1. A triangle pattern is visible , so take a trade only why it breaks in the positive side in our direction.
2. Buy at 2nd green candle in 15 min or 5 mins chart frame.
3. Keep a trailing stoploss with Rs 10 in mind.
Asian Paint Bullish tradeAsian Paint bounce back from its Weekly Upward Channel Support. It is also bouncing back from the 100 day EMA dynamic support level. Can go long.
SL- Below the Upward Channel Support.
Target- Upward Channel Resistance.
