Confirmed breakout on weekly charts, stock will look to test higher levels from here. These levels are good enough for anyone who wants to take a long trade with minimum risk. Buy is recommended keeping the levels mentioned on charts in mind.
BSE is no threat to NSE on any possible metric. After NSE's listing, it will benefit only to the extent that NSE will be listed on BSE !
Its in a parallel channel since April.
Now at 572, its a buy.
A study guide, do your own analysis before investing . A break out at D is still possible but a likely retracement means, it will take a while for a good move towards the upside.
As you can see in 1 hour chart , Price have brokrn the major trend line support
Price was moving in falling channel and then break that channel at up side
Now if the price break the privious high then i will be looking for the long position
Everything is written on a chart. Make analysis simple not complicated.
It's just my own analysis.
Happy Trading.
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As all know tata motors is moving in good up trend and now it is taking the retracement
and as pet my analysis that red line will work as the support here and after if that falling wedge pattern brake at upside we can initiate a long trade
As you open the 1 hour chart of wipro price is coming down to take the support
And in 15 min chart it done the retracement of 0.612 moving upward to form thr bear gartely pattern
Stock has given a clear inverse head and shoulders pattern breakout on weekly charts in today's session and looks pretty much ready to approach higher levels. Buying looks to remain intact and long positions can be taken.
BSE Ltd. had an inverse head and shoulder breakout and then is re-testing the breakout levels. As long as it holds Rs.590 (also our Stop Loss) it should be poised for gains. Keep first target at Rs.880 for this one. The chart looks really good and I do not see a reason for it to correct even on fundamental basis.
Above 423
we may see target of 442-467-490 if BO with decent volume
support at 366-345
currently under consolidation zone
observed intense selling(with volume)
This indicates that there was a significant sell-off during the week, but that buyers were able to push the price up again. The large sell-off is often seen as an indication that the bulls are losing control of the market.
