Head and Shoulder pattern in Nifty has confirmed.
We are waiting for a lower breakdown with some volume and confirmed candle signal.
Soon you will get a chance to short nifty for a profit of upto 1000 points.
Stay updated with our blogs.
1) On daily time frame, we can see that it has made bullish spinning top candle.
Also it closed below 21DMA and it is trading above 50DMA.
50 DMA which is placed at 1240.07 level which will work as major immediate support.
and 21DMA which is placed at 1330.53 level which will work as immediate resistance.
Sustainable breakout of...
Vikram Thermo a microcap company is currently taking support and has a triangle formation in its chart. A buy can be considered now or after breaking the trendline.
The RSI is also looking for a breakout.
Risk-Reward Ratio is on the lower side with this setup. Strict SL at closing below 187 .
NTPC has broken out of long time downtrend VERY STRONGLY!
Quite a defensive stock. NSE:NTPC
Good time to go long. Analysis on 1D timeframe suggest around retest of 128 to Consolidate and BUY.
Risk within your apetite only!