Looking bullish after getting good support at lower trend line.
Volume of green candles are relatively higher than those of red candles' volume, hence showing bullishness.
106.4 acting as a good resistance. Ensure this point is broken with good volumes.
Entry 107.8
Target 118
Stop-loss at 102.30
The stock is at a value area / trend line, where it has given bounces. Also, it seems to be a formation of ascending triangle.
Can be a good long opportunity + good R:R!
Godrej Properties showing breakout after consolidation with strong volume from it's support level 200 period EMA. Higher possibilities for further up moves if supported by the market.
IF NIFTY MADE :-
11156 + THEN UPISDE MOVE OR
11050 + THEN DOWNSIDE MOVE
If broke 11070 support (Trend-line) we may see a HUGE downfall,
But looks like the price will take a rest,
at support line and will bounce back towards the resistance.
Yesterday I gave TorrentPower and Bajaj Holding for intraday day, out of which Bajaj Holding did give momentum today, but after the first half of the session. Torrent power was not able to reach my target. THe reason was the Torrent power isn't high beta stock and so 1-1.5% return was what I got, which is great. Zeel on the other hand, is a very volatile stock...
It broke the resistance but as seen in the chart it has again retraced and that signals a very bullish momentum.
Only buy on rising @ 729
With a stop loss if 718
Tata steel has shown a good signal broke the resistance and retraced on the support now its time to long
only and only buy above 377***
With a Stop loss of 370***
Let us keep it simple today.
The stock took support from the lower trend line and sustaining for a long time.
Go Long above 400 for target 425/430. Have a trendline as stop loss.
Trade safe!!
The zone of 2270-2320 is strong resistance zone for this share. The stock is moving strong till now but this resistance can halt it's run.
The resistance is tested recently so much so by the stock that it becomes a self fulfilling prophecy.
However, this time looks different. The Nifty IT is only sector which has posted good results as a sector in this pandemic...
Despite the market sentiment being negative, this stock has finally given a triangle pattern breakout. Good intraday opportunity to capture good points.
