- Swing High / ATH / Monthly Pivot R1 Breakout - Good Breakout Volume - Outperforming S&P500 in 3m & 6m TF - Spread Chart Breakout - Good Q2 Results posted by AAPL Good opportunity for a swing trade
Bharat Electronics Ltd. Chart Pattern: - Rounding Bottom Pattern Breakout - Price consolidating after breakout - Price at ATH - Price once came below the previous ATH levels, but didn't sustain even a day. Previous ATH levels now act as strong support for the price. - Price closed yesterday at ATH after crossing the previous swing high. Relative Strength: -...
- Price coming out of Range contraction - Accumulative volumes being witnessed - 1.7x weekly deliveries last week - Increasing Relative Strength - Stock outperforming its sector & Nifty50 in every timeframe except on 3m (due to stock being on a breather) - Quarterly results have been positive for since the last 6 Quarters. - Another positive Q2 will incite price...