Friends, as our markets have given a positive breakout and closed above the previous life high on weekly closing basis. Therefore I am expecting this bullisness to continue for the comming months and thus we can see a good appriciation in the Midcap and Samallcap Stocks going ahead.
Presenting a Fresh bullish Flag and Pole Breakout on Daily TF with good volume....
Half Bullish bat pattern formed in the previous swing. The demand zone is around 0.618 retracement zone (golden ratio)—prospective targets 0.5 and 0.618 retracement zones. Also, there is a trendline it is respecting as a resistance.
CRUDE OIL POSITIONAL VIEW
Symmetrical Triangle Breakout in Established Up-Trend
RSI Sustaining above 60 Level
Look it for Bullish Entry Above 5080 or Between 4900-4950
Target - 5300/5700
Stop Loss - Daily Closing below 4890
- $ASIANPAINT shown a good breakout with volumes at 2880 levels
- Many paint stocks have gained momentum
- Breakout of a rounding bottom pattern
- Entry levels can be made afte a retest to 2880-2900 with a stoploss of 2730
- May show some bullish behaviour initially but may lose some momentum afterwards
* Only for educational purposes
YESBANK is currently trading in channel and recently made a higher low, so we will try to trade for the higher high by initiating a long trade above @ 14.15 with StopLoss below @ 12.85.
This time I bring to you a brand new analysis PIDILITE. Going to break equivalent triangle for the second time on DAILY CHART. On the other hand, Moving Average(44) is also supporting the bullish analysis.
One can look for buying opportunity between 1830-1850.
SL - 1775
TARGET - 1950-1960..........
HAPPY TRADING :):):)
The stock ACC has successfully crossed ATH level of 1870 and is currently trading above 1900. It has retraced on the daily chart to the ATH and has seen bullish push from the retracement. The stock looks like a good buy from here with the target of 2450 (1.618 Fib retracement).
