HDFC seems to have established a support zone around 1370 since November 20th. Whenever the market reaches this level, there tends to be an uptrend. My strategy is to consider buying when it reaches this level, as it could be a good opportunity for accumulation. If it breaks the support at 1290, I'll consider buying there as well.
Breakout FROM 52week high on monthly bases
then formed a base on weekly time frame in rectangle and consolidated.
now breakout from rectangle as marked on chart and restested we can enter now.
this is not buy or sell cal do your own research before taking any trade. do consult your financial advisor
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Maverick...
you can think of buying IOLCP becuase it has strong momentum and can move great heights for a short term, might hover around green line but keep stoploss when price closes below green line, Happy Trading :)
Apart from the stocks and sectors mentioned in the video, I forgot to mention a few more stocks that I had shortlisted. They are,
BAJAJELEC
GLENMARK
WIPRO
The key levels to watch out for trading next session are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate...
