Indusind Bank has been moving in an ATP, and although today it moved up with momentum but failed to breakout of the ATP Resistance.
If tomorrow it crosses 481 and sustains, can go long for atleast 40 points upward movement.
first target is 525.
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....
IDFC First Bank clear cut break out with volume
Also see long build up. ( search on google to see it ) which is a clear signal of a bullish trend. but observe Nifty and build position see target levels in chart.
Breakout can be seen in ujjivan small finance share. Long position can be made after a sucessfull retest. Partial Profit can be booked at 38.40 level as some demand-supply zone is present over there.
SL- 26.00
Target- 42.50
Coal India is now moving comfortably in a channel, only should look for a Long Opportunity if and when it Breaks out.
SL - Half the width of the channel, and first target Width of the channel..
May take time for the entry point to Develop, but will be a good trade.
Hi All, This is my first technical analysis. Please bear with me if my understanding is incorrect.
I can see 2 patterns in this chart.
1) Possible cup and handle pattern from 10th March to 12th Apr. Top of the cup (94.93) has been tested multiple times and breakout on 13th April. Moved upward and retesting the now support line (94.93), If this moves upward from...
bosch is near the downtrend trendline support line there are two possibilities it can break the trendline and t=entered in the channel or touch the trendline and fall after retest.
further analysis will be posted after watching how its performed near the trendline for more future info follow. I will update after getting more info on the chart.
Cipla on the breakout zone , closing above 456 on the weekly basis will give a buy opportunity till then its a sell as all over its in long term downtrend .
Stay cautious while taking long.
#stayinside #besafe
Will be keep updating on telegram.
