Just a tracking idea came under scanner looks promising.
A attempt at change in trend towards upside.
highly volatile stock need further research on fundamentals.
A break at long term counter trend line... lets c how it plays out.
** Supportive trendline with multiple touches and counter trendline for breakout confimation
** Lower high formation ( bullish trend) > pattern on supportive trendline will work ( probability-83%)
** here a triangular...
counter trendline with pole and flag pattern or consolidation near counter trendline
There are four touches which is enough for validation of a counter trendline to trade whenever there is breakout.
If you see at second time touch (6 april to 29 april) , there is pole and pattern but it failed to breakout.
Now, 4th time touch to counter line & gave...
Sorry for the late upload ..
there is counter trendline with 5+ touches and at the bottom a triangular pattern gave a breakout.
So right now it has already gone 7%++ ...there is no entry at this level.
you can use this combination of both (counter trendline & triangular pattern)
Who are already in this trade they should book their profits at these levels...
A spike in volume is clearly visible with the today's gain of nearly 5 percent. This makes FSL a great long opportunity with the entry at the current levels with the stop loss below the nearest swing low.
Kindly note that this is not a recommendation and for only educational purpose.
These are potential trades given by you guys only in the comment section :) also, some are my findings
Update on Bajaj finance and Reliance is given inside the video
NO intraday analysis for today only swing based
Nifty energy seems bullish so we took 2 stocks into consideration for that :)
This is weekly chart of PVR with CMP @ 1404.80. This scrip is looking good for long term investment because of following observations:
1. Price has been following a trend with multiple support on trendline drawn on the chart since July 2012.
2. Counter trendline has been drawn as shown on the chart. However, counter trendline has not been decisively broken but...
This is daily chart of ICICIBANK on NSE (INDIA) with CMP @ 353.10. It looks a good scrip for long trade based on following observations:
1. Price is continuously rising after taking support at around 257 which is marked as MAJOR SUPPORT as price has taken multiple supports near this price.
2. Counter trendline has been drawn on the chart which was decisively...