Coal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level.
The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above...
Nalco price action suggest reversal possible
fresh buying is missing around current levels
not able to manage the breakout of previous life high levels
rsi and macd divergence,,
good positional short candidate
A good fundamental company with breakout of highs done and also harmonic half bat for confirmation
Risking just 4-5% in this stock.
With metal sector also breaking out of range this looks like a great buy
SL below 340 closing basis
Targets = 400/500
Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and...
JSW price rose with good volume participation in today's session. The setup is based on the XABCD bearish butterfly pattern.
Go long if the price sustains above the breakout level.
The stop loss, breakout, and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
SAIL has shown bullish signs by rising above the breakout level. The XABCD bearish crab pattern gives us the targets mentioned on the chart.
The volumes were higher than the previous sessions also. However, wait for a pullback or add partial quantity and add further if the rally starts.
The breakout and stop loss levels are mentioned on the chart.
Here's the Nifty Metal index with a bullish breakout. The XABCD bearish crab pattern gives the targets mentioned on the chart.
We shall try to pick some of the metal stocks which are showing a similar pattern.
The stock has given a falling wedge pattern breakout on higher timeframe.
After touching 150, it has been consolidating.
It can move higher from here.
Expectation: 180, 230
SL: Mentioned in the chart based on weekly closing
Chart indicating a high probability of bullish trend to continue on a 1h time frame.
1- BASIC TRENDLINE: Closing on Support/Resistance at 85.00INR. NSE:NATIONALUM
2- MOMENTUM INDICATOR: RSI crossing 60 with high volumes.
3- TREND INDICATOR: ADX crossing 20 hence trend is confirmed.
WHAT TO DO:-
1- SWING TRADE: FOLLOW THE STRICT...
On the hourly time-frame chart we can observe the positive divergence against the prices.
As the candles have broken out from the trend line it was a good entry confirmation.
Stop-loss will be the low of the swing.
First target level will be 291 levels.