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Daily charts of Minda Industries shows breakout from a crucial range (purple). After that a retrace is being witnessed. Retrace is expected till the purple zone. Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation...
#Dixon #Tringlepattern Triangle PATTERN BREAKOUT Happy LEARNING
The chart forms a cup and handle pattern supported by high volumes in the counter. The other technicals are supporting the probability: RSI - 68 (Since it is not in the oversold territory it makes room for higher profits) MACD is above the centre and signal line which is another bullish signal ADX - 42 (It indicates the strong trend of the movement, which is...
The company has strong fundamentals and has potential to grow Looks good for investment .Chart is strong just like the company is.
Long consolidation seen in chart. Breakout possible anytime. Volumes are building. Fundamentally good company. Entry/Exit given in Chart. Good Risk Reward ratio.
SGX NIFTY View for 01-06-21 CMP:15640 Resistance: - 15700-15725 Support: - 15575-15500 Note: As per Yesterday SGX Nifty where it has able to close above 15500 which now act as immediate support for the upside rally towards 16000. Until and Unless we are able to sustain above 15450 current UP trend will be intact where it will go by forming Higher Top and...
Nazara is getting huge volume on Green days with big moves on those days. Triangle is almost complete and can give a BO and great Risk reward.
DLF Ltd. was initially facing resistance around 291-294. it came out of it's consolidation mode on 3rd June and gave a breakout... Seems the stock has pretty much sustained above it's resistance zone.. Good upside can be expected above 303 All the moving averages giving Bullish signal along with RSI and MACD. Buy : above 303 Target 1 : 315-316 Target 2 :...
Buy TataElxsi Stoploss 3620 Target 4000 Study: Breakout + Retest Structure
Buy Symphony Stoploss 1080 Target 1180 Study: Demand & Supply Structure....Breakout and Retest Structure
BANKNIFTY has been underperforming since last 3 months while NIFTY is making new highs ,now as there is a new buzz around PSU BANKS Even though banknifty has been making a ascending wedge,banknifty is trying to break 35400 levels while overall global markets are making higher highs, lets hope the FED data from US would give a run for BANKNIFTY to achieve. Open...
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* This stock chart pattern near to breakout level after weekly closing above price 31 this chart pattern activated with the target of 100 and the defined risk is 23.00 (Daily closing basis) .
PREVIOUSLY SHARED AT 390 LEVELS FOR TARGETS OF 495. A SMALL CORRECTION AFTER A HUGE RALLY IS NORMAL. IT IS AGAIN AT A GOOD ZONE TO ACCUMULATE FOR TARGETS OF 570.
ESCORTS has seen multiple Support/Resistance cycles at 1180 zone where we saw this zone turning from support to resistance and to support once again. The stock broke out of this zone last week and has done a successful retest followed by a continuation of the price action. RSI is also in the bullish territory which is a good sign. We are bullish on the stock for...
IT sector is out performing nifty, TCS is looking good , RSI is BUllish for monthly, weekly and daily time frame. Looking for a breakout with good volume which will drag the prices above.