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Channel Breakout in Mold Tek Packaging?Stock was trading in a sideways channel, now it has given breakout with good volume. In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target. If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days. If price is coming for retest 840-870 levels should act as immediate support. Stop loss for this trade can be placed below 775. All possible targets are mentioned on the chart. This is just a view, not a recommendation to trade. Do your own analyses before taking any trade. NSE:MOLDTKPAC
NSE:MOLDTKPACLong
by KaravaliTradingZone_Official
4
Symmetrical Triangle breakout in BDLStock has already given breakout on 1st August with good volume and now it has retested previous resistance level of 815-840. Increased volume on retest candle suggests bulls are still in control. For further strong momentum, stock has to close above 910-915 levels. If anyone entering at this levels, stop loss can be placed at 770. All possible targets are mentioned on the chart. This is just a view, not a recommendation to trade. Do your own analyses before taking any trade. NSE:BDL
NSE:BDLLong
by KaravaliTradingZone_Official
Bank Nifty Important Levels for 4th JulyBank nifty gave closing above 33500 which is a very bullish sign for Bank Nifty.. that is too after breaking down 33200 level in the morning which happened to be a breakdown failure Keep and eye on these levels... If Bank Nifty Crosses Above 33770(Strong Resistance) We can See 34000, 34220,and 34500 If Bank Nifty Crosses Below 32240(Strong Support) we can see 33000, 32780,and 32500 This Post is for learning purposes only... If you are trading with the help of this..... Trade it on your own risk or consult to your financial advisor I am not Responsible for your profit and losses
NSE:BANKNIFTY
by AP4811
2