Crude Oil continuous futures contract on the weekly chart seems to have pulled back from its decade+ old trend line breakout. Breakout happened in Jun'21 and crude bounced back on the trend line. We have seen successful bounce from the trend line support and can expect the price to turn bullish from here on the weekly scale. If so, 76 would be the immediate target...
NESTLEIND broke out from its year long resistance on the Daily chart and has successfully pulled back and the bullish action has resumed. Odds are in favor of the stock moving further upward toward the 6.854 Fib zone of 22850.
#GESHIP (W):- Since March 23, 2020, the price has been following a supportive trendline. Now, the price has returned to that trendline, with a nice reversal candle :)
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Range breakout WITH QUITE HIGH VOLUME can be seen earlier in the chart and after some upside movement a pullback movement we can say, happening in chart. So would suggest to wait for the given zone/levels to test. if you get near around that zone would be a great short term pick for the target of 603 level with a strict stop-loss of 575. (ONLY ON CANDLE CLOSING...
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LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA, a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 4226
STOP LOSS : 4173
TARGET 1 : 4279
TARGET 2 : 4332
ADANIENT is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume . Keep watch on it for upward continuation. Initiate trade only when price sustains above 1504 for at least 15 minutes.
LONG ABOVE : 1504
STOP LOSS : 1330
TARGET 1 : 1676
TARGET 2 : 1848
AJMERA realty did breakout at its crucial 155 resistance zone a few days ago from where it pulled back. Now seems like the pullback is complete and its heading back toward the resistance zone. We can start building bullish position, preparing for the breakout.
Tatasteel took support from levels 1103...and then we saw good recovery
it is strong recovery from level of 1103 to 1155 which is 5% upside rally ....Not Bad
this shows that byuers are getting aggressive on metal stocks ...
Wait for levels of 1165 then go long with SL of 1130
On daily chart we can see pullback candle with good volumn...