NTPC Closing 172.4 with stoploss 161 then targets are 183-190.
Buying Reason.
1 --> Price closing above 20,50 EMA.
2 --> RSI is ready Cross 60 Level.
3 --> ADX is showing the Bullish Move and +DMI is Rise.
4 --> Volume is also showing the Breakout Volume and Cross the Average Volume.
5 --> Also Bollinger Bands are Open is Positive side.
Can go long in INDIA CEMENTS because of the following reasons:
Range breakout with 2x avg volume.
Trend Line breakout.
Flag Formation Breakout.
Target - 230
Entry - 203
Stoploss - 187
It seems bullish because of the following reasons:
1-year Trendline breakout
Index(Realty) has given the range breakout
Price trading above 200 MA and MA is trending
Lower high price action
According to 1 day candlestick chart or Bollinger band price prediction
Today forming a bullish candle or price bump.
According to Trend line historical support.
Price sustain lower Bollinger band for a long time .
Good buying interest with high volume.
Risk rewards ratio good
According to vwap strategy
Trend reversal movement
Buying strength with high volume
Good time to entry
Reversal above previous support
Good Risk rewards ratio
In this Bharati Airtel Ltd chart, focus on 5min TF. You'll able to see that there is a ascending triangle pattern . Currently the price is at Major Resistance. The price has already reversed from that resistance. If the Price breaks the resistance, we can go LONG. The Ascending Triangle pattern is about to BREAKOUT. Bharati Airtel for 15Jun2022 can do in Intraday.
Accumulation phase has started. Institutional investors have started to buy the dip.
Professional selling range:1708-1920
Buying range: 1590-1640
Hold Period 3-6 months.
Target: 1866(Fibonacci Retracement)
Rational: Accumulation/Distribution Technique, Price below 50 Day Exponential Moving Average
NSE:INFY
JK Paper showing strength can give a breakout as well. It's been outperforming the index for long and demonstrating strength in these weak market conditions. Once it goes above its resistance and sustains there, it can towards its all-time highs.
ITC is looking very strong on charts and after a long time it's ready to give breakout above 265-270, you might see some very good movement here.
Levels are explained in charts
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
taken 3rd time support on trend line
good stock to buy for swing and holding
short term targets are 15.20 and 18.50
good risk to reword from this point as trading near trend line
