NIFTY BEES seems Triple bottom pattern in daily chart. It is strong bullish pattern. In this pattern neckline clearly breakout at 178. Now expect small retracement & then it's rally may move upwards to the target.
NIPPON (NAM_India) tested long term support levels of 315 - 320 and started going up. Above 340, the stock can reach 375, SL should be 315.
India Nippon Electricals Ltd - 06.01.2022 The stock is trading @ 410 levels The prices are above ema 415 is a level to watch with 430 being a hurdle... watch out for the price action
Breakout retest structure formed. spike in volume during the breakout. and low volume consolidation before the breakout. favourable R:R
The stock is moving within a parallel channel and is on the verge of breaking out of a mini channel inside the main structure.
Hello Traders, My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph. Has been moving up constantly after the infamous covid market crash. My trade is as follows:- Entry price: 442 SL: 428 (Daily stop loss) Target: 465
Retesting trendline breakout All selling candles were low volume - possible reversal Initiate long after confirmation Hold for targets of 413, 422, 433 Stop loss of 390 RSI at levels of 57