Momentumstrategy
#marico bullish divergence at resistance potential breakout#marico multiple bullish reverse divergence seen on weekly timeframe and also
a flag kind of pattern that could potential move it up is seen.
daily seen at a 4 times tested zone and therefore not wise to enter until
a green close above it is confirmed.
Metal sector at weekly momentum support make or break Metal sector index last week went bearish following a weekly divergence
It now has a unconfirmed bullish reverse divergence on weekly and could take momentum support and bounce
Daily momentum has touched 40 support. In short any bearish further from here is bearish confirmation and reversal.
TCS weekly W pattern momentum breakoutTCS weekly momentum breakout.tcs weekly W pattern double bottom resistance taken out and broke out of a previous resistance zone that was tested 3 times this year.daily candle is open-low wide range bullish candle. Momentum and trend in all timeframes bullish.
tradable with tight stoploss below last candle. dollar beneficiary trade.
#bajajfinserv momentum reverse divergence potential upmoveall timeframes bullish in momentum and trend. A 4 bar bullish momentum reverse divergence on daily
could take it further up to at least 16799 again if it works out. enter only on confirmation of price moves above previous candle with
tight stop loss and if this is negated reentry only after a retracement at mentioned FIB levels.
L&Tinfotech : double bottom breakout in progressL&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes .
latest daily candle is open = low bullish pattern and likely to trend up.
stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication
for short swing trades.
#daburindia weekly momentum at bullish support within trendline #daburindia weekly momentum at bullish support within trendline channel
weekly holding within a trendline channel since long
momentum and trend bullish on all timeframes. sector is bullish.
momentum taking support near 60 multiple times on weekly indicating a medium term range shift.
#tataconsumer :breakout from resistance with good momentum,trend#tataconsumerproducts. Short ,medium and long term momentum bullish with trend indicator showing rising in strength .
Last daily candle is a breakout wide range bullish breakout from past resistance zones with good volume making a new all time high level
and also making high high pattern In a trendline channel
#Bataindia watchlist stock for potential short term breakout#bataindia watchlist stock for potential short term breakout
all timeframes are bullish in momentum and trend.
at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout.
momentum showing a bounce from the support on daily after range shifted from sideways to bullish
rounding bottom on daily seen.earlier june attempt failed and so entry with tight slop loss and only after green close above resistance.
trade for short swing /short term since another resistance exit 100-200 points away
#PiramalEnterprises:rounding pattern and flag breakout candidate#PiramalEnterprises #PEL : rounding pattern seen on weekly at verge of breakout. Earlier bullish reverse divergence worked like charm to meet target.all timeframes have good momentum and trend. Flag pattern seen on daily timeframe .keep stop loss at candle on neckline and enter on confirmation only.12% up move happened on earlier post made on Aug 5th.
Contraction Near Old Supply ZonesWhenever 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 22% In the Next week and hit another supply zone at 119.4 but never came below my buy price, infact it started getting tighter again and broke through that zone too. The Story has just been repeating itself since then.
CAMLIN FINE SCIENCES ( darling speciality chemicals sector)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 mentioned on the chart
like the idea and follow me if you want more such ideas
cheers
Bandhan Bank is shaping up to be a good longExperimenting 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 low seems fair, with T1 being 334 and T2 being 351. Important to note the hurdle at 324.
Note: I already hold Bandhan Bank so my view may be biased.
NIFTY TRADE SETUP FOR TUESDAY 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 - Ascending Triangle Pattern BreakoutIIFL 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.
Merits:
1. Ascending Triangle Pattern Breakout
2. Weekly closing above "All time high"
3. Increase in volume by 10 times (Crosses ATH with a weekly volume of 22mn as against an average of 2mn per week).
Happy Trading!!!