A range formed on weekly levels is broken with the big bullish candle. A wedge pattern is also formed which is broken. A long trade can be taken. Although much volume explosion is not seen.
THE STOCK IS IN UPTREND AND CHART LOOKS VERY PROMISING HERE
TODAYS CLOSING AND VOLUME INFUSION MADE ME CHOOSE THIS STOCK
BEST BUY WOULD BE ABOVE 404 ONLY DONT TAKE ANY ENTRY BEFORE
TARGETS:- 412, 417 AND 425
SL:-387.50
icicbank likely to break out 490 - 470 range, taking nice support from 50 MA. it is a perfect risk reward trade set up going long between 473 - 475 with a stop loss of 465 and Target 520 in short term.
stock was in long consolidation of 18 weeks.
then first it broke the upper trendline with volume.
then it also broke out of range with volume.
Today it gave BO retest with continuation pocket pivot from 10 DMA.
NSE:BATAINDIA
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Range Breakout .
2> Huge volume as well
3> Accumulation is done
4> Retracement areas are shown through arrow.
5> Rsi divergence just for educational purpose | example
some fundamental supports :-
1>Bata India to Merge Subsidiaries
2>Bata India Says Unit...
Hi viewers,
short term chart for airtel,.... long on airtel if breaks 438 with large volume for target as mentioned in chart, & short below 426 for the target 412 &400 level...
Hello Traders
Adani ent chart structure looking strong
Testing upper levels again & again for breakout
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
