Buy on dips 42-43 for the targets above 46-47.
Ascending Upper Trendline: Also known as the channel line or secondary trendline. This is drawn in parallel to the main trendline. It should have at least two consecutive points forming higher highs. More point in the trendline indicates more strength in the pattern. The main trendline acts as a resistance in...
Price moving inside the trend lines squeezing itself tight, one should have entered at the support level of around 48 as the price moves to 54 today. Will this time price breaks the upper trend line or for the last one time it will reject from the trend line is the question. . .
Price inside a parallel channel and forming a symmetric triangle inside it. One can buy at trend line support around 52, but if you are deciding to go for it then buy small quantity now and if price goes down to support add some more to your position.
Channel top will see some rejection, book at channel top and once again enter the market for this symmetric...
Smart money accumulated before starting uptrend.
They will try to defend the position by buying when price comes into buy zone.
Note - High volatility before 9:30am and after 2:45pm. Manage risk accordingly.
Hi guys this is Trader Kanishk
this analysis is for EQUITAS
Points discussed in the video:
Why not to go long
has it taken support
new support levels
new stoploss levels
entry levels for sharp entry
and many more.
Watch the entire video and
GO for It
Every thing i have discussed in this video is only for...
Note: This is for educational purpose only.
There seems to be a bullish ascending triangle breakout with high volume. Moreover, RSI above 60 confirms bullish momentum. Moreover, there is an inverted bullish hammer on resistance turned support. Buy above high of current candle.
Equitas holdings has been forming a triangle pattern where 56.50 level has been acting as a strong resistance since late April.
Price tested the upper resistance zone of 56.50 around 3 times in late April, once in mid May and multiple times in the last week of June. Thus, making it a strong resistance. Further, in the lower side, price has been obtaining support...