Nifty-Fut: Last Closed @ 14622
Crucial Support @ 14430_________14370,
Yes, ANy Decline or panic Will Think for buy, Only, if mkt, Not JUmp, and DIrect panic from These level, Then only in panic we will Buy,
UPSIDE HURDLE @ 14747_14770
if nifty Stay above 14770, THEN small rALLY WILL ZOME Upto___14870___14947
ON RISE, WE WILL SELL,........ #kingresearch
Swing trade opportunity to long HCL above 1010. Can Trail SL once the stock BO from the resistance area. Cautious area 1015-1020 also to be noticed. All important levels marked on the chart. This is for your educational purpose only.
BREAK OUT TRADES ARE VERY FRUITFUL IF YOU CAN FIND PERFECT SUPPORT/RESISTANCE AREA'S. IN THE CHART, I SHOWN PROPER SUPPORT AND RESISTANCE AREA'S ON THE CHART OF MUTHOOT FINANCE OF DAILY TIME FRAME. IF YOU LEARN TO FIND THESE IMPORTANT AND MOST IMPORTANTLY, AFTER FINDING OUT THESE ARES YOU WILL HAVE TO ENTER INTO THAT TRADE ON BREAK OUT PRICE SO THAT YOU CAN ENJOY...
Breakout post shakeout is very powerful, this one had two (highlighted in the image). Shakeout is when price falls, comes back up and closes almost equal or minutely in red in a week or one day. The Stock Broke out post that within 4 to 8 weeks ( which is important otherwise the stock is not in a strong uptrend) breaking all resistance on heavy volume.
Cup and Handle then this Flag Breakout, Now on the verge of Multi-bagger.
Senior Please check the chart and give me your suggestion can we say this is a C&H and Flag Pattern?
Waiting for Suggestions from Tech Experts.