Shot up on earnings with massive volume. Tested BO zone and closed above last high on Daily and weekly chart.
Sector on the move.
SL: Below Breakout Candle.
TGT: After a vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the...
The last week's Doji candle with heavy volumes
near breakout is a strong indicator that this scrip
is going to blast in the next few days,
as this indicates absorption volume.
Entry: Buy when it starts cleaning out the Doji on the upside.
SL: Below Last week's Doji
Tgt: Wait till it gives a close below the Hourly 20 VWMA (on a daily closing basis)
Polyplex made a base on base.
Consolidated on low volume for 8 sessions before BO. (which confirms the BO)
The entire sector moved in the last week.
Hopefully the momentum will continue this week as well.
SL: Below the BO candle.
TGT: Don't sell until it breaks Hourly 20MA.
MRPL has given classical INVERSE HEAD AND SHOULDER BREAKOUT above trendline of 40 levels. Buy with stop loss of 40 on weekly closing basis for target of 55 and then 80 if 55 levels taken out decisively. Price is supportive with hefty volumes
Blue Dart has made good trend reversal on weekly n monthly charts. Price are supported by heavy volumes plus fundamental are strongly supportive. Price is currently in overbaught zone so accumulate on dips till 4000.