Whenever A Stock Starts Getting Tighter Near An Old Supply Zone , It Can Be A Good Buying Opportunity.
Gati Here Started Getting Tighter Near Its Supply Zone From March 2019 In February 2021. The Contraction Was So Tight That The Stock Moved Only Between The Range Of 94.5 ( High ) & 90 ( Low ) For The Entire Week. I Went Long @ 95, The Stock Made A Big Move of...
Punjab National bank has tested the resistance zone/ supply zone multiple times. Hence the sellers are becoming weak now and buyers are getting stronger. If the buyers are able to close the price above the supply zone, the stock may show a good upmove.
On weekly chart , NBCC showing a great momentum. Also, volume support is there. All targets are mentioned in the chart. SL based on your risk (2%).
Disclaimer:- This is just for learning purpose author is not liable for any loss.
stock is has a lot of potential for growth in a very fast growing industry.(until over allocation and misallocation of capital happens by the management this industry will be very good, moderate entry barriers profit pools most likely to stay
just like WB said a shitty stock in a great industry is greater than a great stock in a shitty industry
levels are all...
Experimenting with Bollinger Bands here. We can see that price has closed above the UB and the bands have started to expand. With RSI just under 60 and price a smudge under 50DMA, NSE:BANDHANBNK could be a good momentum pick. Tomorrow's price action might validate the idea and give confirmation.
Given that this trade is based on momentum, an SL below today's...
Tomorrow I will trade carefully as per opening. If market opens above 14620 ..Then again I will buy on dip till market trade above 15550 -15520.
If Market opens below 15520 then I will sell on rise till 15620 . If market open between 115520- 15600 . we might see a range bound market .
Let the market set a range in 30 min and then set your trade accordingly.
IIFL Securities has given a ascending triangle pattern breakout with breaking its all time high price of 65.5 on weekly chart.
CMP : 75.85
Target : No Target, Let your profits run as long as your trailing stop isn't hit.
Trailing Stop : 60.5 (10 weeks EMA), will go up every week.
1. Ascending Triangle Pattern Breakout
2. Weekly closing above "All time...
SAIL is creating a base again to be a bulllish RAIL ---------------------------------------->
As you can see , it has already broken its falling wedge few times(unlike JSW and TATA Steel as they are strictly following the falling wedge), also the momentum increased creating a bullish divergence. So we can expect a good spike in upcoming days.(Can be a...
Nifty 50 Has broken an all-time high now the question is will it sustain there or get liquidated there only.
I have gone much deeper to feel the real momentum of the index whether the trend can be rideable from here or start booking profit from this point.
If you go through my previous posts, I have tried to show the approach of a practical mindset...
- Fundamentals are strong
- Breakout at a level of 265 with heavy volumes
- Stock may retest the levels before gaining more momentum
- 265-280 can be good entry levels
- Huge momentum in the stock
- RSI showing 80, may break a bit
- Fundamentally good stock with good results
- Cup and Handle pattern supported by volumes
- Breakout pattern
- Stock might correct to 320 levels as Relative strength index shows 77, and then might gain momentum again
After A Quick 55% Move in 3 Weeks. A very Tight Weekly Inside Bar Formed On The Chart Of IIFL. The 10 WMA Was Right Below The Price Making It The Perfect Setup. The Stock Moved 204% in 3 Months From Here After The Breakaway.
Very Fast Triple Digit Returns Were Available Here. One Good Trade !
SUNTV | Momentum occuring for 20%
CMP : 485 (Dip : 460)
SL : 442
Target : 580
Already we are holding this stock in holding - now averaging some more. Looks good for new positions too
1:3 risk reward setup
JSW Energy shows strong momentum in the weekly chart as parallel lines are supporting it to be a strong indicator of being in an uptrend. Volume is also supporting the clear breakout of an all-time high. In the coming days or week, we could expect the price to rise above 100 and could touch 110.