More than 6 months consolidation has been broken and reached its 6 month high. Can move towards 140 levels in short term. Every dip is buying oppurtunity .
FSL looks good on weekly chart by breaking a strong horizontal resistance are where the bunches of resistances was standing now looks bullish by breaking that closing above on that with a good increment in volumes expectation is coming up move is this stock.
Cause of long-:
1- Horizontal resistance breakout.
1- Volume breakout.
NSE:PVR
1) TV18 Broadcast
For up side move breakout of 38.50 is needed otherwise downtrend will continue.
2) IDBI BANK
This is for a bit mid to long term positional trade if it gives sustainable breakout of this box.
It is making RSI bullish divergence on 1hr TF.
3) DELTA Corp
It is trading in Triangle pattern in 15min TF. Breakout on either...
1.) Possible (long) wolf wave pattern in FSL.
2.) Stock is in down trend since July 2021 and continuously making lower high and lower low.
3.) However, the recent price action is depictive of a possible wolf wave formation in FSL.
4.) Since the overall market sentiment is negative currently, long trade should be taken cautiously depending upon the conditions....
posted on 23.12.2021 FIRST SOURCE SOLUTION above 180 level and on 24.12.2021 the stock broke the resistance level 178 and closed at 183 for a target 190 level. Nifty monthly chart forming indecisive doji, weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next...
1. Bouncing off the lower median line of higher TF pitchfork and daily TF pitchfork
2. Break out and last kiss from down sloping trendline
3. higher than avg volumes
**I will be posting ideas for my own journal-ing and learning sake and to hopefully spark up educational discussions. Please do not construe them as recommendations as I am just an amateur here to learn :)
#FSL
Ascending Triangle Breakout about to happen.
Symmetrical Triangle Breakout(another way of looking at it).
Clear confluence can be seen...
Nice Volume Built up...
HOLD
only if we see 198-200 levels tomorrow or in the next few days then enter the trade.
Or Else Hold it might drop until 176 levels and then it would Bounce back to an uptrend
This is only for Short/long term and not for F&O
A nice Corrective price action has been seen in previous sessions. The correction took a formation of Inverse Head and Shoulder pattern. One should buy the stock with SL of 95 for target of 123 region.
It hasn't got a breakout yet.
As soon as a breakout occurs and sustains it.
It can suck our targets
Note: This is my view, you should do your analysis before taking any action.
