Birds eye view shows the uptrend so high probability of moving up. Good signal for a long position.
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Disclaimer:
The information provided here is for educational & instructive purposes only. Our intention is not to...
Note: This is for educational purpose only. Please do not trade in F&O based on this.
There seems to be a bullish breakout with high volume. There seems to be similar breakout in RSI as well. Volumes have increased as well. RSI above 65 indicates bullish momentum.
You can buy 50% now and rest in dips until 221₹ - 219₹.
My SL is: 212₹
All the retails have been shaken out. The accumulation has been done . Now its time to markup the price. These are probable entry, exit and stoploss area.
IBULHSGFIN is travelling through a channel... It trying to cross the resistance region and to move the upper side of the channel . This is my first post give me good suggestions..
there are three point taken out from the charts -
1) trend reversal like v shape recovery
2) increasing volume in recents weeks
3) all oscilators showing positive movementum like RSI,MACD etc
HCL Tech Long
RSI divergence clearly visible on hourly chart
Taking support at 930 ( 50 Day EMA)
Buy at CMP-938
SL-926
Target- 980, 1003
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
The price has formed a " Double bottom " Pattern on a Monthly time frame which a bullish pattern , where as in daily time frame the price has broken the channel pattern wait for a retest for buying opportunities..
