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Edu Post: Double Bull Trap in NFLThe stock of National Fertilizers Limited (NFL) has exhibited a 'double bull trap' as shown in the 75min chart. The first time bulls were trapped on 12 May at morning highs in the range of 72.5-73.5. The trap was laid further the second time with another gap up crack on 20 May with 72.5 high. Imagine the plight of the folks who bought at these zones. They will be looking to sell at the first go if the stock comes in this range again. Thus, we can see quite a bit of overhead supply in this zone. It goes without saying that if this overhead supply is consumed, a major bullish breakout can be seen. Note: This is an edu post and not intended to make any specific calls.
NSE:NFL
by vipulmehta817
ONGC Inverted Head and Shoulder As you can see it has created a beautiful Inverted Head and Shoulder Pattern n. The Rules are from the center of the head to center of the shoulder there should be at least 7 to 8 candles. After creating the first shoulder, Price Touches the neckline let's take that point as A and the bottom of the head as Point B. When finally after creating an inverted head and shoulder pattern the price crosses the neckline and closes above it and creates a new candle there that's the point to buy and draw a line from point a to point b and place it above the neckline and there you get your Target Price. Next to Inverted Head and Shoulder Pattern, it has created Double Top. See if you can find or let me know below.
NSE:ONGC
by rajeevpatil
Stock Analysis of Escorts LimitedPrice - 1176.20 Dt. - 19.05.2021 Since Feb 2nd week the stock is in the bearish zone and lost 300 points in this time period. From 3rd May stock reversed the trend resumed the up move. The stock was near the overbought zone. Further with good monsoon expectation and declining covid-19 cases are another reason for Escorts Limited to move upward. Stock is facing strong resistance at 1185 levels but with ascending triangle formation we are expecting the stock to break the level. Stock is slightly above 21 DEMA.
NSE:ESCORTSLong
by mr-sky
MINDA CORP - Let's Observe The last Chart of Hindustan Copper had many missing the entry before it broke out and hit upper circuit. So here I bring Minda Corp which I think will emulate Hindustan Copper to some extent. This is for everyone to learn as well. Cup has been formed. Now either wait for a small pull back where one can accumulate after it turns around or be ready for it to race up and retest. My Hunch is because of the Double Bottom, the stock is strong for an upward rally but the rejection candle may show temporary weakness providing everyone with an opportunity to enter this space.
NSE:MINDACORPEducation
by CannySunny
4
Stock Analysis of GNFCPrice - 400 Dt. - 12.05.2021 Like all other Fertiliser stocks, GNFC also witnessed the profit booking today after rising more than 7% on 11th May. We are expecting GNFC to move higher from the next trading session. The stock has successfully doubled the money of the investor who invested in Feb. Still after this the stock can go up to 550. We are expecting the stock to grow more than 10% in just a few trading days. RSI is in the overbought zone but the stock has the energy to move up.
NSE:GNFCLong
by mr-sky