ESCORTS has seen multiple Support/Resistance cycles at 1180 zone where we saw this zone turning from support to resistance and to support once again. The stock broke out of this zone last week and has done a successful retest followed by a continuation of the price action. RSI is also in the bullish territory which is a good sign. We are bullish on the stock for...
CNXMETAL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. Certain stocks in this sector can be traded for a short term trade and I will post my analysis of them shortly.
SAIL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 128 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 150 and beyond.
TATA STEEL has been in an uptrend, continuously forming higher lows. After the recent complex pullback, it seems rested and ready to move forward and challenge its highs and possibly make new ones. It was unable to close above 1150 for a number of sessions and has finally broken out past that level on a closing basis. Keep an eye out for levels of 1245 and beyond.
Today a good volume candle has broken out of the handle. For safe entry, above 121.15 would be preferable. Thank you. Leave a like if you found this helpful
Buy Positional ~ 2620, Stop ~ 2510, Target ~ 3000 If You Trade Trade Future, Buy June Future ~ CMP ~ 2639 Stop ~ 2520, Target ~ 3030 Trade Time Frame ~ 2 Trading Season
This is an hourly time frame of CANARA BANK showing the clear breakdown of the trendline and today it also retested and started the continuation towards the downside. So it can be a good fall for upcoming days in Canara Bank. Please like the post if you agree with my idea.
As we see HCL Technologies make inverted Mountain Hill in Daily Time Frame, so there are chances for Continuation of Uptrend by the Stock. For Confirmation of the pattern we use Directional Movement Index (DMI) which tells us about the Movement of the market and also Exponential Moving Average (EMA) of 10 is above EMA of 20. In DMI it is showing that bulls are...
Might give a long opportunity for continuation!
NSE:HDFC DAY CHART UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE POINT (A),IS THE LOW POINT OF THE RANGE...
ITC trading at 167 and trying to hold the low of 24 Sep 20 (166.15) In previous day session it has formed a doji near this level. Plz dont pre-empt of reversal and start buying it. Wait for a bullish candle (with good vol) like I've shown in chart. And, when high of this green candle breaks we can go long. Conversaly if breaks 166, 157 is the next target So,...
Moving near value area. Might give either side opportunity. Worth keeping a watch.
While all the fundementals news of the oil industry are been Bullish for the OIL PRICE, we are having that Bullish continuation pattern, the Cup and Handle Pattern, Let's wait for the opening market price to confirm the theory, wish you all the luck and most profits,