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Momentumstrategy

#sunpharmaceutical cup and handle weakly breakout positionl longThe stock on weekly chart had earlier broken out of a cup and handle pattern and consolidated post to that to further move up and now has a momentum reverse divergence which is bullish to take it further up if it works out to happen. However caution need to be maintained with tight stop loss since the ads trend strength has taken a bent on the top which may be indicating a reduced trending move.momentum is bullish on medium and long term but short term need catch up move and entry need be made only if u see daily momentum rsi > 60. Positional entries need consider breakout neckline as stop loss while swing trades should consider previous support levels for exit.
NSE:SUNPHARMALong
by seekedgetrade
#polycabindia momentum breakout in progress#polycabindia momentum breakout momentum and trend indicators indicate bullishness on all timeframes. momentum seen breaking out of a parallel channel with large volumes too. bullish divergence currently being played out has met the target on last move and need give some space since diluted momentum divergences exit at the same time.swing trade and entry only if any retracement comes and 2030 is a resistance zone from where it breakout should be stoploss
NSE:POLYCABLong
by seekedgetrade