THERE IS A DOUBLE BOTTOM BEING FORMED AND THE NECKLINE IS BROKE THERE IS RESISTANCE AT 2160 AND THE BEARISH TREND EXPIRED AND BULLISH TREND HAS BEGAN. (ALL THE ORDER TYPE I CHOOSE IS CNC) NEW SWING TRADER :)
lupin has made a double bottom and its in uptrend in 1hr tf. and the candles show bulls are in control there is a resistance at 940. few green candles formation at above 950 the stock has the potential to reach 1000. AND THERE IS BULLISH ENGULF TOO AT THE BOTTOM OF THE NEW TREND. new swing trader. :)
This has given a trendline breakout and can continue upwards if market sentiment is positive.
I hope you can now see how the INDUSINBK represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed...
check for RSI conformation before entering! tgt and sl is given! don't rush wait until it reaches D point and reverse in PRZ zone!!
Enter once it reaches the D point. targets and sl given wait till it bounces and gives conformation above PRZ!! Happy trading!
If we see the triangle pattern break-out then we might expect an up-move Only if price push above 1,055 +
Reason- Price entered in demand zone Harmonic pattern
This Analysis Is Done Only For Educational & Intelligence Purpose, Invest Or Trade At your Own Risk & Will.
Stock is in long term uptrend, so probably will break the trend line! Might be a good long Opportunity. Can book partial profit at hurdle or can trail SL.
What's going on guys!? Hope you all are keeping yourselves safe and minting money in the past month's bull run of the market. Been quite some time since my last post, I hope I will be regular in with my future analysis for you moving forward. I see a buying opportunity in Vedanta and in this post, I want to bring your attention to what I see as a fairly good...
Only if price manage to push above 1730+ We may see an upside move in Asian paints as clearly seen in the chart it has touched the support and bounced back towards resistance and also seen a little volume spike.
In United breweries we may expect an upmove if the price continues Pushing towards 959++
If Price push above 615 we may expect an upside move, cracking the hill
As seen in the chart, If we see market moving above 11130 we may see bulls attacking OR If we see market pushing towards 11015 We may see bears Dancing Lets see and hope for the best
As we can clearly see, it gave a triangle pattern breakout then retraced to take support on earlier resistance and again trying to breakout. This can be a good opportunity.
If reversal with bullish candle, we can expect long. **education purpose only**.