Stock has confirmed it's inverse head and shoulders breakout on weekly charts over the levels of previous close, it looks ready for a big upside move from here as tyre stocks are still in traction. A long position is recommended with the mentioned stop-loss for the mentioned targets.
Stock is all set to give a big move after a lot of consolidation on the lower levels, stock can give a breakout once it breaches the CMP. A long position can be taken in the stock with the mentioned stop-loss for the respective targets.
It has made a head and shoulder in the past.
Now what is really important is the next move, support zone is coming near 143 form this level the the traders may be more active to go for long as it 3rd way will start from this level and it can move up-to 284. The volume is rising.
The stock momentum is slanting up-direction.
It break the direction with heavy volume.
At present stock is gaining the buyers volume.
Buyers are attracting in the present scenario.
But there is a strong resistance near the price.
In the conclusion I will say that because of the heavy volume Stock can break the resistance and go up.
But traders can not...
It is not yet conformed that the stock will move up or go down, wait till it give any confirmation.
A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest.
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a...
The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.
DEPENDS ON OPENING ONLY WE CAN SAY IN WHICH DIRECTION IT WILL MOVE. HERE IS THE BASIC CHANNEL. IF IT SUSTAIN ABOVE 708-710 AREA, STRONG BULLISH TREND. 699 - 710 IS IMPORTANT AREA. AND THE ITS VOLATILITY IS HIGH. SO EXPECTING 7% - 10% MINIMUM MOVEMENT. HAPPY TRADING :-)