I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
This stock has given good breakout on daily time frame as well as on weekly time frame, along with a good intensity of volume,
this is a newly listed stock and it is moving up impulsively, RK's Magic indicator is also suggesting to go long for forthcoming weeks,
Overall Wave Structure is also suggesting same on weekly Charts, all trend indicators are also aligned...
share name : hindustan foods ltd
call type : poistional
- share is consolidating in a range and forming a
- Inside candle on Weekly time frame
- 2120 - acting as a huge resistance if a breakout
comes. we can see good targets of 2550,2800
share name : hindustan oil exploration
call type : poistional
-I am posting this chart on monthly time frame because of I have to show support and resistance of this share. How beautifully everything is working
- After forming a high of 400 in 2009 share is in a good downtrend
- From 2012 and 2020 share is forming a range means it is in a consolidation...
Note: This is for educational purpose only. Please do not trade in F&O based on this analysis.
There seems to be a bullish engulfing at support and seems to be a bullish reversal. Moreover, there seems to be a RSI divergence as well.
The relative strength compared to Nifty seems to be weak though which is a negative point.
SL: 2250 INR
I am posting this as one of the follower on twitter requested for it.
1) On 1day time frame, it is still sustaining above the parallel channel. Please refer the same which was provided in previous trade setup.
Please refer below chart : 1 day Time Frame.
2) On 1 day time frame, today's candle closed just above the upper...
After giving breakout from resistance zone on 20th august, it has made high of 2859 and now retracing towards 0.50% or till 0.618%, which is healthy retracement levels to go long. In both macd and rsi there is hidden bullish divergence seen, One can grab this opportunity to go long, if price retraces till 0.50% to 0.618%
which is near 2488 to...