Reliance has broken past its long term bearish trendline after taking support from its short term bullish trendline
on above average volume.
50EMA has crossed 200EMA giving a
Targets can be take at T1 and T2
Stop loss below the most recent candle
Keep It Simple
HDFC has finally broken out of the resistance zone after forming a beautiful golden cross as well as a flag and pole break pattern. Support has been provided by trendline
A limit order above the resistance zone and a target of 1589 is a high probability trade.
Tight Stop loss below recent candle low.
Keep It Simple
We have seen breakout of downtrend with high volume in BF Investment and also notice higher top and higher bottom indicate trend will remains bullish.
Demand zone and psychological level near 300, one can accumulate share from this level and hold for new higher top.
Buying Zone 303-300
Stop Loss below 294 (Below 200 DMA)
Target 1 325
Target 2 370
Target 3 399
After the previous post on Ultratech where the target was hit beautifully, it has given another break after having a TIGHT consolidation during
the formation of a triangle after support from the 200 EMA constantly.
Very High probability with a possibility of a Golden Cross coming in.
Target to Next High Of 7497
Stop loss inside triangle.
Keep It Simple
UPL Has formed a beautiful double bottom pattern with its first support off the 200 EMA and second off the long term trendline.
UPL has given a double confluence
1. Rejection candle and respect of the long
2. Golden Cross( Crossing of 50EMA and 200EMA)
A long position can be taken on break
of the resistance zone
Risk To Reward of 1:2 or a more...
XAUUSD SHORT BUY @ 1725-1730
1. Obay Strong FIBO Golden ration of 0.618
2. Respect support zone of 1725-1730
3. Due to sell pressure will retest the swing low of 1725
4. Dxy before reaching teh high of 109,00 will retest the previous low which tends gols to short term Buy
GOLDEN CROSSOVER, 50 DAYS MA moved upwards crossing 200 DAYS MA.
SECTOR: MEDIA a bullish sector.
LOW PRICED stock.
Fundamentals improving gradually, SUPER Q3 22 result.
PRICE STRENGTH 72, BUYER DEMAND 'A+', MASTER SCORE 55, GROUP RANK 16 OF 197 (Data from MarketSmith)
CMP 32.20, minor resistance breakout done, retest done.
In January last week, Madras Fertilizers formed a Golden Cross between 50-SMA and 200-SMA on daily chart. The stock could be gearing up for a long-term rally.
High volume trade and high percentage delivery also favors the perception. The stock hit upper circuit today.
Trading into 52-week high. Could breach all-time high of 53 this week.
Building Up for Bull Run.
Wait for BO above 770-780 Zone
Target - 950 - 1080 - 1260
Stoploss : 630
Price moving in upper band of PithFork projection.
RSI showing strength
Golden Cross Over in Weekly Time Frame
Good Buying Volume
As you can see the retest has been done. And it is at its support zone, it can retrace back to the previous high i.e., 875/- . If looking for a long Run then it is looking good for a target of 1100/- .
The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. ... Basically, the short-term average trends up faster than the long-term average, until they cross.