Any pattern in a higher timeframe works out very smoothly.
Here the Double Top Pattern took 7 years from the making to the execution and now the stock has been rising very steadily with growing volumes.
The technicals of Tata Motors are backed by the rapidly growing EV business and a fast adaptation of the same in the country.
As this platform...
Trending with limited pullbacks
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
Stock looks pretty much ready to show follow up buying in tommorow's session after today's big move and give a breakout over the levels of 650, once it clears this level stock is expected to be in aggressive bullish trend. Positions can be made with the mentioned stop-loss for much higher levels from here.
Zee Entertainment is a good stock to buy for short & long term purpose both, now it is above it's double support line area @ 493. So you can buy it with a conformation above "15 EMA" line on a Daily Candlestick Chart with a stop loss @ 490 & profit target of 3:1 to your risk amount.(Lower RSI + Positive Trend).
Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend.
I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently.
The chart respects the strong support pink line and on july 2017 it broke the green...