6 year old resistance has been clearly broken when breakout happened last week.
Volumes are above average with momentum and trend indicator bullish on all time patterns
It is rounding pattern breakout on long term timeframes too and could be forming cup and handle as well.
Up move is expected to sustain considering all these
this stock is riding a multi year trendline channel and has broken out of a previous resistance tested 4
times in 1.5 years. momentum is bullish on all timeframes but an entry now may not be ideal and
it could now take a dip in a week or two and reverse and watching the candle pattern on signals of reversals could give
a multiweek swing trade if there is patience.
L&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes .
latest daily candle is open = low bullish pattern and likely to trend up.
stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication
for short swing trades.
Fortis Healthcare stock given a bullish multiyear breakout above 220 & sustained above 220 and presently trading at 233 levels. The stock is expected to give multifold return in coming years with the new management in action since 2019 and now we can see the outperformance in this stock. So one can think of adding this stocks in their portfolio, stop loss to be...
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...
Hey Traders! how are you all ? Hope everyone is Bullish..hahaha..jokes apart!
Coming to trade..
PVR making an Inside candle in Daily chart, keep your eye on this stock.
All Levels are marked on this chart.
MY VIEW: hmm Bullish(will wait for upside breakout)
Let it break the rectangle then only enter the trade otherwise wait for consolidation. "More...