After consolidating for 9-10 weeks LTI had given a breakout and now have retested again on the same point of breakout.
Can go long for the this month.
On smaller time frame of 1hr according to MACD histogram the sellers are now exhausted thus buying can be seen.
Educational idea
Bannari Amman (Nse) Sugars looking good with given level
and trying to catch near retracement zone.
formed double bottom and given breakout retraced near breakout area.
Stock had broken out. Now the stock has retraced and retesting its breakout level. The area has confluence of EMA 20 which is also acting as support. the stock has shown reversal signs.
Indusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago.
I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5
Kindly note that...
BIOCON looking good for intraday retest done. Go long if breaks the resistance with good candle. Targets are marked on chart or take targets as ur analysis.
Breakout candle on 1July with good volume and retest happening on 14 and 15July. Consecutive bearish candle at top with low volume, so I will not consider it as trend reversal yet.
Wait for one good solid bullish candle with volume to confirm the support retest and then should be a good setup for entering short/medium term long position.
I will not enter without...
Maruti Suzuki price at very important level where-in one can see multiple patterns/price action
1) Testing previous resistance
2) Approaching 200DMA
3) Approaching previous consolidation area
Price is in imp area to keep watch and add this to your watchlist
Everything is explained on chart.
1) High volume breakout of previous resistance area
2) Price retracing back to previous resistance and high volume area, taking support
3) Good risk reward ratio
4) Expecting price to go up from here
Please hit like button if you agree with analysis.
Reliance can give a good up-move in the coming sessions.
Keeping it on radar.
Breakout was supported with huge volumes.
Strong above 2240-50 if candles closes convincingly.
NSE:RELIANCE
LUPIN gave resistance zone breakout and re-tested it.
Consolidation between 1000-1010 level can initiate a Good upside movement
Good above 1010 Levels on the basis of candle close.
View negates below 988 levels
The classical breakout and retest pattern has been observed in the stock. The breakout was accompanied by high volumes and RSI in strength. Pattern would only be confirmed once it crosses 205 levels and one can definitely see for a long position for a short to mid term view. Strength in bank nifty in last few sessions could be good supporting factor. Wait for a...
![RELIANCE: Reliance [breakout +retest done]](https://s3.tradingview.com/s/S9dhBR2a_mid.png "Reliance [breakout +retest done]")
