Inside Bar
KAJARIACER Looks Good For Swing TradingKAJARIACER: Daily Chart
Price took support on Weekly support.
Price broke through trendline and also 50 EMA.
Currently, Price is in pullback mode and formed Inside Bar.
There is divergence in RSI and Price Action, Price making lower low and RSI making higher.
It can move upside if successfully breaks out of Inside Bar.
Education purpose only.
PF trade at UML Inside Bar.2 down sloping Pitchforks at the same frequency are capturing the price movement nicely. Price got declined after retesting the upper median line has formed the Inside bar which is also suggesting the weakness. If price trades below the low of today's bar one can short the stock by providing the SL of 280 on closing basis. Target expectations Median Line.
Disclaimer : All stock recommendations and comments are my personnel view, please take financial consultancy for trading decision.
TATACHEM: Triangle BreakoutTATACHEM breaks out of a COIL (a symmetrical triangle) with fine participation from volumes. Add to this fact, that on the daily chart, there was an Inside Candle on Friday's close. The underlying trend is UP and well established, which is clear from MACD. Fine support from momentum indicators too - CCI and RSI suggests further upside on the cards. Looking for a target of 770-775 on a positional basis.
Channel InsideDay The Stock is in downtrend and formed a down sloping channel. Inside Day after the upper line touch may be significant and reverse the short term up move. If it starts trading below the low made on 30.12.16 I would short with stop loss of 54.75.