My past idea of TN Petro was fantastic, hoping this will be too. See, its breaking July 17 resistance with heavy volumes in daily TF. Also, you will cup and handle breakout. Multiple confluence, that's it.
With textile industry booming, here is another. In daily TF, it did a wedge breakout with massive volumes surpassing the so far high after covid. Targets are mentioned. Also, see this was its GAP resistance in the long term!
See the volumes. how bullish days volumes have been greater than bearish days. This says its building up something in behind from long. Also, making consistently higher lows that's again a bullish sign.
New all time high. On the monthly chart, 4 attempts have been made at the 290-295 levels. On the hourly charts, 3 attempts have been made in the last week.
Buy above 295
Target 332 - until upper end of upwards channel
Heavy volumes are seen and you can clearly see a DIVERGENCE in RSI.
might see dip tomorrow.
but i feel as the market is up no one is going to take a risk & its a breakout tomorrow
if breaks its 1st target is going to be 4780.
buy a call in the price and Relax. and of course put a stoploss.
All the best ;)
4th attempt to cross 42.7 level. one success but rejected around 46.50
Now stock is showing strength
Buy at CMP -42.7
Target-46.35, 50, 55.4
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Charts and views are only for educational purpose.
Chemical Sector seems in good move
Bodal is in good momentum and given inveretd head and shoulder breakout in previous session
If Previous day high breaks, Long can be initiated wsl 66
Target 130, 155
Short term trade
Disclaimer : This idea is for only educational purpose
In today's session, Maruti gives head and shoulder pattern on the daily chart. After this breakout huge downside expected. According to the pattern projected target possible 6132 in the upcoming few trading sessions. 6740 and 6300 levels will act as intermediate support during this fall.