Godrej Consumers has given a long awaited breakout above a 14 month long trendline. It went sideways for around 8 weeks before closing above the trendline on weekly basis. The BB is challenged and RSI has closed at 60, both are bullish signs. The consumer sector has underperformed in last 3 months and Godrej has been on of the best performers in this sector in...
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Broke Pattern with gap up Crossed Upper Bollinger band price > 20 ema & 100 ema
price above 20 ema closed above upper Bollinger band Macd buy signal RSI > 60 ADX is rasing other insurance companies also in rally
1D Time frame as per price action parallel channel breakout Upper Bollinger band broke on a closing basis RSI > 60 ADX Raising
Trend reversal signs broken channel Volume is more than Avg volume Bolinger band upper band touched if price closes above 20 EMA with a strong note we can see some rally MACD Buy signal RSI > 58 if > 60 that will added advantage to see mometum
Daily Time frame Channel breaking up Bolinger band break RSI > 60 MACD Buy ADX is up Volume supported break Higher Time Fram Weekly MACD Buy Bolinger band breaking Entry wait to close above channel with volume
Daily Price Action - Triangle Breakout from Bottom RSI > 60 Bullish MACD - Buy Signal Bolinger Upper Band - Broken which indicate momentum ADX needs to increase to pick more momentum Weekly:- MACD needs to turn Buy signal Futures data:- Long Buildup on breakout
1) PA - Channel/Trendline breakout from bottom 2) Daily MACD Bullish 3) RSI > 60 4) DMI/ADX turning up 5) Reality Sector is bullish 6) According to FII Investment data FII and pumping money in Reality Sector
BANKNIFTY:-We can see here how Bollinger band,Gaps,DMI,RSI & Fibbonaci retracement work as a conformation if it mix with chart patterns. See late April how Doji made by gap up its upper weak is out of Bollingerband,DMI also taking a crossover there next day it was a negative crossover.See at mid May first green arrow it was a Bullish...
ONGC as per BolingerBand taken Reversal Pattern from Bottom; CMP at Fair Value. ( For Education Purpose Only )