It is trading again at the lower trendline level.
Will it hold? Is it a good time to buy?
I think that we should start accumulating with targets 1000/1093/1223
Share your views in the comment section!
Please do your own analysis before making any decisions and also let me know if I missed something.
Let's learn together.
Motilal Oswal
Good channel consolidation weekly BO with volume
Buy at cmp 955 (30% only cz weekly chart not completed yet)
Happily Add on dip 870-900 range
Positional for min 5-6months
Tgt 1000 1070 1150+
SL 800
Note: This is for educational purpose only.
There seems to be a bullish breakout post 3 years of consolidation with high volume. Before breakout, there is a build up near resistance which indicates buying pressure. There is a breakout in RSI as well. Moreover, there is a breakout from 200 SMA which adds to the confluence.
SL: ₹736
As we can see in the charts, the price is under consolidation for years.
One can enter when there is a Break out with a good volume.
Until then we will watch patiently and wait for the BO.
> A great trader says, the market is 10% buying, 10 % selling and 80% is watching, observing, collecting information.
Study chart pattern: "Bullish flag pattern breakout" with significant volume, NBFC sector especially AMC, & Broking companies have stated outperforming in last couple of months and same is expected to continue, Stock is placed above medium to long term moving averages, indicating uptrend, Indicators and oscillators on weekly and monthly charts have turned bullish....
BUY : 655 TO 738
TARGET : 930
Reason For Buying This Script :
In monthly time frame it has formed HEAD & SHOLDER PATTERN & also it has broken the neckline in monthly time frame it shows strong bullish. Now it may take some correction.
Buy at above given levels. If price comes down means Don't get panic try to average the price . Once the price closed...
Hudco is forming a wonderful set-up,
It is taking solid support at Ascending TL as shown in the chart
and also it has given Triangle pattern BO which gives double confirmation to enter on the long side.
Risk is very simple 5 % below the Trend line and Returns would not be less than 50%.
Mantra:
> We will only enter a trade when there is low risk and high...
An inverted hammer is a BULLISH signal. It is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting 🌟.
VGUARD patterns look interesting,
We have to wait patiently for the Break Out which is 251.50 level,
Once it gives a BO it can give an amazing move upside.
> Patience is the key.
> Stock market is 10% Buying 10% selling and 80% waiting which is what successful trader/investors do.
MOFS, about to give a breakout after 3 years of consolidation. Closing and sustaining above 850 can lead to a potential breakout and a massive rally. Buy at CMP, SL: 805, target: 1240+, horizon:8W
The stock has given Triangle Breakout with a good delivery volume on the weekly chart. RSI indicating Continuation of the uptrend. ADX indicating strength in trend. We can expect price movement up to 1160 in the near term.
