The stock has been trapped in a channel for a long time. So wait and trade the breakout at these levels :-
Buy above 305
Sell below 298.9
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and...
ICICI Bank has consolidated in the range of 340 to 380. Moving average band suggest the bullish trend formation.
Stock is in short term uptrend above 380.
There is high resistance at 390 and 415.
Suggest to book partial profit at these levels if you have positioned it at below levels.
If there is good momentum in NIFTY and BANK NIFTY and if it sustains above...
PRICE HAS REACHED THE IMMEDIATE RESISTANCE, IF IT BREAKS, THERE IS GOOD CHANCE THAT THE BULLISH MOMENTUM WILL CONTINUE.
BUT SINCE AUTO SECTOR IS WEAK SINCE THEIR WAS A HUGE MOMENTUM IN THE PAST COUPLE OF DAYS, MAYBE THE STOCK WILL HAVE A CORRECTION. BUT USE THAT TOO AS A BUYING OPPERTUNITY AS "BUY AT DIPS" IS THE STRATEGY WHICH SHOULD BE FOLLOWED NOW.
487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST.
NOW THE SAME LEVEL IS ACTING AS RESISTANCE .
WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION.
ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE
Look at the charts and make an informed decision.
The stock is consolidating since 30th July that is for about 35 trading sessions and has taken strong support at 200 ema levels.
Breakout is about to be seen.
Buy only when the stock breaks the trend line.
Levels mentioned in the chart.
This stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and...
After a Bull run stock started consolidating at higher levels and now ready to go for new highs.
Today's closing (near high of the day) and volume indicating some big interest in the stock.
Once stock moves past 315 it should be ready to reach 350 levels.
Keep an eye folks .....
Disclaimer: i am not SEBI registered. Please trade with your own risk.
Action - Buy
Wipro LTP 303.20/-Rs Year Long consolidation Breakout at 301.670/-Rs with above Avg Volumes Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell...
After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term.
Disclaimer: Take this view for educational purpose....
IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term.
Disclaimer: Take this view for educational...
Consolidation near resistance started.
Rounding Bottoms getting smaller and smaller which reflects selling pressure is slowing down along with swings lows getting smaller which is also forming an ascending triangle.
Dual Confirmation may lead to a better Breakout.
Fingers Crossed Folks. Keeps an eye and fasten your seatbelts for a flyer.