NSE:NELCO about to breakout from triangle, It has already given Ichimoku Breakout with 10 EMA crossing above 50 EMA along with MFI crossing 80. Good entry looks above 810 for target 955
Ideal entry once retest of the support of successful on EOD basis may decide to wait this one out as all indicators extremely bullish this could easily turn into a short trade given certain conditions met Target - 22940 SL 18480
Had been waiting for this breakout Price should hold above current support at smaller channel ceiling (confirmation) MFI neutral SqzMom bullish and rising Target 7035 - based off of the previous larger channel SL - 6320 (smaller channel ceiling) on EOD basis
SIMPLE RANGE TRADE MFI RISING SQZMOM TURNING BULLISH VIX FIX COULD SIGNAL END OF CORRECTION ANY MOMENT NOW TARGETS - 700, 730, 745 SL UPON BREAK OF CURRENT SUPPORT (ON EOD BASIS)
If you ask me, it looks bearish as it broke resistance and failed retest, then retested new resistance and now validated it and remains below 7330. Earnings are also in and the emotion is bearish. All levels in the chart. High OI at 7000. Once that is broken, we could see price drop fast. MFI pointing down. I would target 6850, and trail below. Would definitely...
Trading in Bullish Channel Formed Bullish Hammer MFI has bottomed out SqzMom has started to turn Bullish VixFix could signal completed bottom anytime now Looks sorted if the current trend support holds tomorrow and day after Stop upon clear breakdown below trend support on EOD basis
Last 2 days had decent volume and price has broken support clearly and decisively. New Range - (1430 - 1540 - 1620 - 1680) MFI decreasing rapidly Rising volatility (ATR), also check IV IF breaks back above 1685 then this view will need modification. Lets see.
SIMPLE RANGE BOUND TRADE MFI BULLISH SQZMOM JUST STARTED TO TURN BULLISH VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW TARGETS 325 350 SL upon breach of current support at 285 (on EOD basis)
TARGET 4320 MFI BULLISH VIXFIX SIGNALLING END OF CORRECTION SQZMOM SHOULD TURN BULLISH SL 3765 upon breach (EOD basis)
Simple S/R levels based on trading range. Enter and wait for MFI to fall some before the up move proceeds.
In this Birla Corp. stock we have witnessed multiple breakouts in bullish trend for almost now a year. This trend line is now a major support. These are the multiple points where an investor or trader can take entry and can efficiently plan a strategy and do money management. And price action makes analysis simple and easy to understand and is least...
_ Clearly in an expansion channel _ I don't wanna say anything else _ If you buy this now, it'll be a good decision
_ Vedl is in the consolidation mode right now _ You can clearly see consolidation happening if you check the 15 min time frame _ If it breaks up, that'll be a clear shot bullish trend _ Let's hope that it'll be a bullish breakout