LT on a monthly basis taking multiple resistance at the top of the channel.
If it breaks and sustains above channel top, we can consider for medium term or short term.
Please analyse your self before investing. I’m not a registered analyst.
This simply looks too good, both, technically and fundamentally as well, the formations are good, stock seems to be retesting the breakout levels and this is considered to be one of the best times to get into any stock, a buy is strongly recommended in the bracket of 1010-1050 with a stop-loss of 980 for higher targets.
Happy Investing :)
- Broken out All-Time High (of 2015), pulled back, consolidated a bit, and now ready to go up.
- Price in an uptrend since July 2020.
- High volume deliveries this week. Up to 12.41 lac shares were delivered yesterday, whereas average deliveries are 1.23 lacs.
- Yesterday saw the highest delivery of shares in recent times.
Break-out from up flag pattern:
1. target of 250 expected in a week or two.(250 is lifetime high)
2. may test 200 again(a great entry level).
Looking at the great momentum in metal stocks, it will definitely go above lifetime highs.
For a while now, COFORGE has been moving in up-sloping channel. It broke out of that channel with very high volume and retraced with very low volume and now with higher volume is continuing the move.
Volume Profile -: Is used to identify important regions, support or resistance levels. When volumes are compared to historical levels, accumulation or distribution...
COAL INDIA-Head Shoulder formation
All studies explained in the chart.
➣ Promising chart.Can see Inverted Head Shoulder pattern in the chart.anytime BO. Breakout above the neckline .
➣ Fundamentally good company.
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First of all, SBIN has given constant but below average returns and it has been one of the favourites of the trader, however things are turning in favour of SBIN starting from the good quarter results, accumulating volume to a breakout after a long long wait, where a support of 20 day ema is appreciated. Hence it might prove as a good opportunity .
Possible break in medium term horizon
Entry after breakout should be done and target of 135 can be reached.
As we can also see the 200ema is also visible at the neck line of cup and handle and the confluence breakout is the high probability trade setup.
Time horizon is 4-6 months
- We observe a sudden surge in the stock from 34 odd levels to 64
- the red zone has acted as a major resistance zone since 2013
- it again acted as resistance and the stock has tumbled to 47
- this could be a case of pump and dump however at current levels of 47 the stock is at multiple support zone levels
- & if the stock is able to...
In future we will see good move in TVS Motor. In weekly Chart very Soon we will see break out. Just note my label if in next trading day it cross 508 then we can see move upto 530 and if it cross 530 in future we will see target 700++. Those who are looking for swing trade or medium term investment then this is a very good stocks. Before taking any trades kindly...