4 reasons to BUY
It have break a tringle chart pattern.
It took a support from trend line from Feb. 2021.
According to technical indicator MACD it is a buy signal.
Also ADX is also going telling us that the trend is going to stronger.
NSE:AURIONPRO Volume are increasing on weekly basis from last few weeks means big player are showing interest in that.
Quarterly results are superb , stock makes good cup and handle patetrn on weekly basis .. good stock for swing trading .. after crossing 210-217.. its seems to go easily till 240 +
Are you confused still?
this weekly chart presents a vivid description
of the whole on going wave counts.
we are up in three waves then we had a pull back in wave 4
which is 38.5 percent of wave 3.
Incidentally we had a pull back in wave 2 which was around 61.8 percent of wave 1.
Only we are waiting for the on going wave 5 to take out the high of wave 3
Coz only 3...
On there occasion I had expressed my view at the week ends.
This time on 23/07/2021 It appears down trend of bank nifty has been arrested.
On 20 th July it made a low of 34357,Twice it attempted to break that low
on both occasion it failed to do so.
Pitch fork it self depicts the trend reversal.
Bank nifty has fallen all the way from uml (upper median line) to...
Please find our analysis for ITC Ltd!!!
Script has strong resistance at 220 and Trendline will act as the resistance too.
Now the script has braked out the triangle pattern.
Trend was reversed from downtrend to Uptrend as weekly chart was formed Higher Highs and Lower Lows refer the screen shot:
While the price is above the support of 1744.50, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 1744.50 is broken.
1. Stock has given breakout from its minor resistance of 682 – 689,
2. RSI is above 50,
3. SuperTrend has turned positive,
4. Price has closed above 8 days EMA, &
5. More importantly stock has not given close below its strong weekly support of 651 since Apr’21.
Considering these facts, one can buy at CMP
1st Target: 717 – 722
2nd Target: 756
3rd Target: 861...
Note: This is for educational purpose only.
There seems to be a bullish breakout post consolidation for 16 months. The breakout is supported by high volume. Moreover, there seems to be a bullish breakout in RSI as well. RSI above 70 indicates bullish momentum.
SL: ₹ 185