IT is retesting its 50 EMA area
wil it sustain is the question
Majority of counters like TECHM, PERSISTENT, HCLTECH, NAUKRI etc witnessed a downmove in the week gine by
with result on the way, woul be fun to watch what IT has in store
TATA POWER has given a clear breakout
All the other power stock has already rallied and now this is time for tata power
could give 10-20% up move easily if market doesn't fall much
P.S. Only for analysis and not a buy/sell recommendation
Symmetrical triangle breakout with huge volume
Q1 result is great and this breakout has proven that market has liked the result
has been consolidating for long and it is time to move up to at least recent high
we should combine this indicator with ADX indicator.
example of Sell
VWAP: Price trading below VWAP
Price is trading below Super trend (21,1)
Price is trading below Super trend (14,2)
Price is trading below Super trend (10,3)
ADX -DMI should be above 25
Matic had brokeout from the symmetrical triangle pattern yesterday with massive volume and today I guess it consolidates a bit. If it sustains above the trend line today, we may expect a good upside move in this coin in coming days. There were other signals too
1. Closed above the Upper BB,
2. Closed well above the Pivot and may bounce back from the pivot,
This scrip is in an uptrend for a while and it had retested the major resistance after the breakout. Now this is in a downfall after making fresh swing high and i see this a small consolidation. RSI is showing a divergence as well as last 2 days volume rising with fall in price, so i guess the downfall may continue for days to week but key levels according to me...
Dixon has taken support around the baseline of a long term channel.
MACD has already indicated a reversal and the price is headed to the meanline which is atleast 5000.
The view is supported by observation of move on Q4FY21 results day. This exhibited Long-Building behaviour on that day and since then maintaining uptrend.