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.
Hello Friends,
Here we had shared possible Elliott wave counts on chart of TPL Plastech ltd. which is showing currently we are in impulse wave, we have completed wave (1) and wave (2) of some degree, & now possibly we are unfolding wave (3), in which we had completed wave 1 and 2 and possibly now we are unfolding wave 3 and again in which we had completed wave...
Analysis Parameters- Trend Line,20 SMA, 50 SMA & Bollinger Bands
M TF- Took Support on 20SMA
W TF- Bullish Candle on 20SMA
D TF- Closing just below 20SMA (20SMA at 2091; closing at 2086
H TF- Above 20SMA
For long trade,
wait for the breakout over on daily TF over 20 SMA
T1- 2136
T2- 2204
For Short Trade, below 2064
T1- 2012
T2- 2000
T3- 1950
Keep a...
📊 Script: JUBLPHARMA (JUBILANT PHARMOVA LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: N/A
📊 Sector: Healthcare
📊 Industry: Pharmaceuticals
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Volume is increasing along with price...
The stock can see a significant correction
1. The stock is rebounding from a resistance line from which previous rally has seen correction
2. The stock is on the verge of breaking a support line
3. The stock is breaking down the bollinger band and possibly ending a consolidation which was happening over the past couple of weeks
All analysis if only for...
First target 260 and second target 280.
3 Parameter Strategy
1. Bollinger bands are squeezed and breakout of upper band
2. RSI is above 60
3. Macd is a bullish crossover
Trade Setup
Enter near the close of the signal candle.
First Target 260
Second Target 280
Trade Setup
Enter the trade at the opening.
Stoploss at the low of the signal candle for aggressive traders.
Stoploss below the 20ema for positional traders.
Trailing stoploss after a 5% move.
Analysis Notes
Bollinger Band is squeezed and the breakout of the upper band.
Rsi is above 60.
Macd bullish crossover
For educational purpose only.
Trade Setup:
Enter at the opening price.
Avoid the stock if it opens with a gap-up of more than 2%.
Stoploss should be at the low of the signal candle. But the candle is big in size so we can place a stoploss below to sma20.
All 3 Parameters of the strategy are matched.
The bollinger bands are squeezed as compared to the previous structure.
The signal...
Facing Resistance
1. Trendline resistance - 780
2. Bollinger Bands - 781
Risk traders can short at CMP with a SL of 785
Waiting for a confirmation on 07th April 2022.
Disclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a fresh Breakout generated in Alembic pharma. With double bottom pattern. And looking good above 990.
Next levels as below :-
Upside levels :-1037 --- 1084 ---1144
Support levels is...
In the 45min(scalping group), price action bounced down from the basis(the green dotted) indicating a fakeout. I think it will bounce down until 27K possibly 24k(basis in the weekly timeframe) and form a new trading range. I cannot comment on whether it may bounce up on resume downward motion, but I'd say the odds are that we go down.
Note: if we go down below...
