PCJEWELLER is again in narrow Bollinger Band squeeze which happens repeatedly with this stock (red arrows) and then it breaks out explosively up. RSI and volumes show nothing significant as of now. BB squeeze can lead to massive up or down break. Waiting if it will breakout again this time.
Hey, check out the trade setup for Industower
All 3 parameters are matched for a short trade.
Trade setup in Futures
Short : 193.10
Stoploss : 201
Target : 170 and 163
Buy 29Sep2022 195PE
Sell 29Sep2022 190PE
Max. Profit: ₹ +7,280
Max. Loss: ₹ -6,720
Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
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The stock has broken out of an upward sloping triangle with good volumes.
The shooting star at trendline and bollinger band resistance is followed by a red candle will lead to a pullback to the breakout resistance (now support) giving us an opportunity to buy.
The RSI's overbought signal indicates the same.
A very great stock, also considering the pressure on PSU...
Lets see if a reversal signal is generated.
Nifty has filled the last two recent gaps, so I am expecting it to fill this one too if the pattern becomes valid.
BB has tightened up, a breakdown could add to confirmation. (Median 20 MA acting as support for now at 9602-9604.
The stock has been consolidating in a tight range recently. Notice the convergence in the Bollinger Bands, suggesting a potential "squeeze". The price has also bounced off the lower line of the trend channel, which is another positive sign. This stock is in my watchlist.
HDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts...
5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60....
80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95...