VA TECH WABAG weekly chart shows Inverted head and shoulders and cup and handle pattern. Can buy at cmp with a stop loss of 203 or can buy once there is breakout for further up move. Can go long with a trailing stop loss for the technical target of 237.
Note: I am just a beginner. This chart is for learning and educational purpose only. Kindly invest based on...
After today's breakout, It is in the bullish momentum. It has faced a resistance at 514.10 . I think, it may break this resistance tomorrow and it can proceed higher.
Currently the Hero Moto is 3033.45. IMP level 3043.5
If heromoto gave a breakout at 3043.5 on a 3 minute chart with volume, then buy it at 20 to 30 paise above the high of BREAKOUT candle.
Giving breakout with volume is very imp
Cup and Handle breakout can be seen at 1hr TF
Stock having strong support of 200Day EMA but no confirmation yet ot trade upside potential of more than 200 to 300 points from the breakout levels
After a long consolidation phase, Indusind bank seems to be catching its momentum. Indusind bank is a high beta stock, therefore one must trade with strict stop loss and also hold it's position with trailing stop loss when it is in an uptrend. There seems to be no resistance on the upside besides the 100-day moving average which happens to be our target. According...
Naukri (Info Edge) has crossed a resistance zone with momentum on daily timeframe, followed by a pullback move having a small range.
This indicates an impulsive move may breakout on either side of the recent day candle.
Long above 2810.00
TGT: 2844
Short below 2754.90
TGT: 2722
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
It is been observed that the price action breaks above the new resistance level , now it shall further move up to 162 levels and above.
Target: 161
Stoploss: 155
