KEI SWING TRADE Long in KEI at 1445 Breaking out of a consolidation with good volumes SL 1375 DCB TGT 1600
The stocks seem to be breaking out of an inverted head and shoulder pattern on weekly. Daily may be breaking out a flag pattern after earlier consolidation. The volumes are above moving average.The trend indicator is in dmi positive bull zones on all timeframes and trend strength is seen rising on all timeframes. Momentum also is bullish on all timeframes. With a...
NipponLife India asset management stock is breaking out from a previous resistance zone. It is trending in a channel with good momentum and ADX trend strength rising high. Volumes are decent above simple moving average. Stop loss should be neckline of breakout below entry candle low and entry above high of alert candle.
Stock is trading in high volume which gives us surety that liquidity is high in this stock #educational #learn&apply #watchlist
TATAPOWER already broke the tighter resistance line and we see some consolidation too. it also breaking the overall resistance. stock will move bullish from here. with target around 114.5.
Bajaj Auto is one of the renowned names in 2 wheelers segment. If we look at this chart which is weekly it is showing that it has been in a consolidating phase since last Oct 2017 which is more than 3 years of consolidation. Now it is trying to go out from the consolidation zone. It has tested its resistance already for 4-5 times. Even in Monthly chart signs of...
Trendline breakout Could c a target of 3800 if market supports Have started OUTPERFORMING from nifty(relative strength)
It has been observed that the price action breaking above the nearest resistance of 5400 level. Once the price action closes above 5400 on daily chart then the price action may further excel and reach towards 5800-6000 levels. T1- 5750 T2- 5900 SL- 5200 Note a close above 5400 is required to confirm further excel in the price action.
The price action on hourly chart seems to be breaking out from a crucial support 1540. If it confirms then we might see downward rally to 1450 levels.