This stock is looking very good and is near a whole number psychological level =~ 450. If this level is breached, it can be a good intraday opportunity.
Stick to the plan
As per the plan
now 1455 is strong support until there is any bad news in the market
buy on dip especially near 1452-1447
break-out and a long spike after price 1504
Tip: follow the channel
Hey Guys,
Go Long only after trend confirmation. Today it gave a triangle breakout
Pidilite has formed a symmetrical triangle pattern twice and broke both the patterns.
Points to consider.
1. RSI crossed 60 good for going long side.
2. We got a good volume break out today.
3. Strong trend line support.
4. MACD crossover.
5. OI is Built upon the long side.
#Trade...
Symmetrical Triangle observed in biocon 1H TF.
Stock is in an extended uptrend and will keep moving up for foreseeable future.
Long Entry at 332.50
T1 440
T2 446
SL 424.50
Given that the Pharma is in uptrend and Biocon is leading the pack, Downside is very limited.
Also Trend is a Friend.
Indiabulls is gearing itself for a major breakout.
Price is in consolidation zone after a major uptrend & volume consolidated after a decline.
It has formed a Pennant structure & uptrend will continue once it breakout of the upper trend line.
Major resistance at 235-238 levels.
Entry would be above 238 once it breaks the resistance and upper trendline with heavy...
Bullish sign in ADANIENT. Morning star candelstick patten and Trend line support makes it more reliable. Volumes are very high at this point. Its going to touch 180 level soon and keep SL at 151. This is only for educational perpouse.
