Flag
GEPIL BULLISH BREAKOUTIts an up flag breakout.Breakout is happened after a long consolidation with huge volume.
HDFC Bank - Bullish Flag chart patternBullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday.
During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue.
Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available.
Levels are mentioned on chart, For target use measurement rule.
Trail your SL is the key of saving capital along with profit is the good gesture of traders.
Atul auto breakoutAtul auto has good daily TF breakout. Retest also done in Flag pattern. Follow the given target in the chart.
Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware.
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MGL-Retesting of multiyear ATH breakoutMGL is a PSU stock in gas distribution.
Stock had given good move after multiyear ATH breakout and is currently retesting the breakout.
A safe stock for long term investors available at reasonable valuations.(Not a recommendation)
The only risk with gas distribution stocks are margins are dependant on crude oil prices.