After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an...
Sunpharma is continously in uptrend and had given a breakout after a good consolidation. Stock has tested its resistance and got a bounce back from that zone. Here is the reason why we can take a entry here:-
1.RSI is above 60 in both weekly and daily chart, which shows strong momentum.
2.Stock is out performing both NIFTY and PHARMA index.
3.Price taking support...
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...
#VENKEY (W): Maintaining an uptrend with correct higher high and higher low formations, it has now established a new higher low. Return to the prior breakthrough zone for a retest.
1) Retest Done
2) Risk to Reward Ratio is good :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment...
VEDL had a successful breakout on 29.07.21 and would have given around Rs 60 profit. Since the stock is an uptrend would it be prudent to enter now.
My thinking is since the stock has given a good profit in the push phase we should wait for a pull back to enter fresh longs.
Also we have a negative divergence. So wait and watch before committing to fresh longs.
🍂buy @ 140 -145 range
not a buy recommendation,study guys🙏
Why was it selected❓
🔹Company has reduced debt.
🔹Technically looks good.
🔹retested breakout level and expecting more upside.
🔹Company has delivered good profit growth of 50.40% CAGR over last 5 years.
🔹Company has a good return on equity (ROE) track record: 3...