NSE:SUZLON has given double bottom breakout and as well is near breaking of its trendline, the trade can be taken after breaking of trendline for the given targets. RSI is showing bullish divergence as well. Will trendline be broken out?
What is trend continuation ?
Trend continuation means when we are in uptrend and witness a healthy correction most likely sideways movement in a channel and it breaks the correction sideways zone with big momentum candles then it might be signaling a strong new up trend starting.
#so lets see how we can play with trend continuation on a...
NSE:GRANULES has broken the Downward sloping trendline and managed to close above it in Upward Direction with heavy volumes. Targets for the same will be the previous peaks of the trendline.
* It is my analysis and no recommendation to buy or sell
You can expect bullish momentum in the current or next week.
Disclaimer: This video is for educational purpose and not a recommendation. The analysis posted here is just our view. Do your own analysis or consult your financial advisor before making any investment decision.
According to my Analysis, Deepak Nitrite looks bullish for Positional trade i.e. from 1 to 6 months. The prices are trading above the Moving Averages which shows bullishness. The MACD indicator is bullish as the MACD line is above the Signal Line. The RSI indicator is above 50 levels which shows the strong momentum.
SL : 1948.20
Target 1 :...
The level between 17190 to 17240 will act as an intraday resistance while 17020 will act as an intraday support. NIFTY has to break the 1H TRENDLINE in order to be BULLISH. The levels below i.e. 16900 & 16800 are the major levels for NIFTY to sustain.
INTRADAY TRADES SHOULD BE TAKEN IN 5 MIN & 15 MIN TF ONLY.
Trading after 12 long years near life high
copper near breakout
Vedl is a clear play for 500 areas .
on downside strong support at 300-310 areas on longer horizon
outperformed metal index and nifty from past few months
Greeting for Seasons !!
Polyplex different entry leval market with short term and ultra short term 2 different sl/support Leval
why this ?
because i seen polyplex structure is bullish there were good volume too as of now
but overall broader market trend is in under pressure and global news events of corona and lockdown too going on
in this situation one...
Stock is falling since 2018 jan 15, and has started to accumulate after making a low 259.55 from then onwards price tried to breakabove but failed two times. But the latest weekly candle has broken above the trendline as well as 200 period of SMA. The current candle formed has bullishness, i.e. the range of the body of the candle is big with no selling pressure...