Powergrid has clear rsi bullish divergence in"1 hour time frame".
and also today it forms clear bullish engulfing represents buyers took charge
buy at 235
target at 243(3.80%)
stoploss at 230(1.90%)
C0NS: in 1D chart it has big bearish candle with increased volumes represents bearish trend in 1D chart but uptrend stock in long time.
FOLLOW ME for...
all studies explained in the chart
just Buy and hold
period 1-3 month
🎲fundamentals not bad.
🎲can see a breakout in this session.
study well then invest🙏
like |🔹| comment |🔹| support
CIPLA moving bullish with support and resistance level as marked on chart. Now it has reached to support trend line which is also a support area zone around 955. It has become a area of high confluence and expected to take support again.
watch the move, buy above 963.5.
The daily chart is forming a "Cup and Handle" pattern. Wait till the pattern is complete. Once the stock starts closing above 560 level, it can move up to 620 / 660 / 700 levels initially. Get out if closes below 520.
GOOD UPSIDE MOVEMENT POSSIBLE. BREAKOUT OF A CUP PATTERN AND SOME CONSOLIDATION. RSI ALSO BULLISH. LOOK FOR BUYING OPPORTUNITIES IF IT CROSSES 975 WITH GOOD VOLUMES. TARGET 1- 997
MEDIUM TERM TARGET 1217.
I previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE.
And here we are Today Bhel gave a good breakout form...
If the price crosses the Resistance line and closes there, and it should create a new candle above the resistance line then Buy.(I,e : Buy above 120)
Expecting Target of 128, 137, 145
Don't forget to apply your own studies before buying.