ANDREWYU Daily looking bullishANDREWYU Daily has trendline breakout with 200 ema support on daily candle.
Good to buy at 25.25 for target of 33.70 with sl below 21.80
Bullish Patterns
Consolidation breakout in Usha MartinNSE:USHAMART
Currently breaking out from a consolidation within a bigger consolidation (See chart)
Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well.
Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points, from the point of breakout respectively.
Trading above all imp averages as well indicates good strength of the major bullish trend too
For ideal R:R, a pullback will be the best point of entry!
Keep track.
WHY NIFTY WENT UPWARDS SO MUCH ON THE MONTH OF APRIL
Cradle pattern (consisting multiple doji, hammer, hanging man) is a very strong reversal indicator. Nifty formed cradle pattern from 15th mar - 30th mar indicating strong reversal on the way
Tweezer Bottom is also a very strong reversal indicator and nifty formed this pattern on 24th mar, 27th mar & 28th mar (having tested thrice instead of twice) again indicating strong reversal
Nifty Futures AVWAP Chart AnalysisAttached: Nifty Futures Daily Chart as of 24th April 2023
SELF EXPLANATORY Chart (all the different colored lines are Anchored VWAPs)
Price has closed above AVWAP from 13th April High (recent Swing) and is all set to head higher from here for POC @ 17900 (Volume Profile concept)
TCS Long: Double Bottom & RSI DivergenceNSE:TCS is trading at its important weekly support level.
On Daily chart it has formed kind of Morning Star Candlestick Pattern & Double Bottom Price Action Pattern.
Positive RSI Divergence is also seen.
Volume is still rising, which suggests that there is more upside potential for the stock.
Support- 3100
Resistance- 3275/3400/3575
BTC Is In No Trade ZoneBTC is Long in High Time Frame but in 4h or 1Day it was in Distribution Zone Accounting to me BTC will Take a Retest of Down Down and Hunt the Stoploss After that it Makes a New High for this year... So, Wait for the Retest and after that Wait for the Confirmation Candle Than Enter the Trade …