The stock has been consolidating for long time, and it has been in downtrend for some time before corona, so if it crosses the previous high created bullishness is established.
SL can be placed according to personal risk management.
NB: This is not a stock recommendation, just sharing my view only.
Wipro is trying to break its all-time high after 20 years
Wipro made high 388 on Feb 2000 now after 20 years stock is come to touch its all-time high if it breaks big move expected
Stock is making higher high and higher low & volume also increasing
Tata Motors (tatamotors) formed a falling wedge pattern breakout on a bigger timeframe (monthly/weekly) candlestick chart. The level to watch is 160 + or 120 -. Any side breakout and stay above/below this shared level, it will move one side.
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TRADING PSYCHOLOGY : The stock forms a triangle pattern when the tug of war between BULLS and BEARS is at the end stage where one is bound to give up.
AC line will act as resistance line.
BD line will act as support line.
when to trade : The candlestick has to break the support/resistance line with increasing volume to confirm the direction.
STOP LOSS: If the...
Ujiivan Finance Clean Breakout with heacy volume, See chart for support and resistance.. will act as a target for buy side if market is bearish then we will sell it and our support becomes our target....
Sudarshan chemicals - A stock is in uptrend for the last 1 year and now made a important Breakout with good volume. If we go through the chart we could see breakouts in ROC which is a good sign for Breakouts. So we could expect the price of 520 in the span of 1 week to 10 weeks which is 10% from current trading levels. A close below 460 shows weakness in the...