Prices took support from long term support level and week ended with long wicked bullish candle. (long bias)
While analyzing weekly long wicked bullish candle, on daily time-frame prices broke the down trend-line with strong bullish momentum candle which signify possible trend change.
After breaking down...
UPL is in a deeper bear flag continuation pattern. The stock is approaching a key zone between 556 - 565. This will be the 3rd touch of the bear flag indicating pattern completion. If there are strong rejections at this area the stock can reserve and continue its move to the downside potentially till the 500 levels.
Sell Zone - 556 - 565
Traders should enter...
Bata has been in a sideways channel on the daily timeframe for quite a while. The stock is approaching the 3rd touch of this channel at the top. The interesting thing about this is, it is approaching the top in a rising wedge formation giving us an idea of a potential dip in the stock. If the stock breaks this small rising wedge formation it has the ability for a...
Please Consult Your Financial Advisor Before Taking Any Decision.
NSE:HDFCBANK Sharp fall towards 2200 after market open which caused a runaway gap on the downside, only increases the probability of a short setup at 2279.15 with SL at 2290.50 and 2:1 target at 2256.45.
3:1 target at 2245.15 to be only...
i think the stock is turning its trend into positive although a good spike has been seen but after a short profit booking i again see the stock to touch good levels that may surprise !!!!!!
stop loss in such stock is compulsary!!!
1. Stock is trading at All time high, breaks out multi year resistance.
2. Stocks with these kind of break out will generally double in few months.
3. Company had announced its Excellent Q1 numbers recently.
4. This stock is good long term bet.
Note: Please do your own analysis before taking your position. Happy investing.!