After a good uptrend, the stock has seen a price correction or one should say weak hand removal. This becomes a good accumulation zone for the sharks. The stock has been taking support at same level which shows that there is strong buying at that level.
The stock has been outperforming the sectoral as well as benchmark index. A gap up today confirms that the...
NIFTY/S&P500 relative strength chart has reached its descending triangle resistance as seen in this weekly chart. Should this be a reason to worry for Nifty bulls? Maybe, maybe not. Price will tell. Watch for price action in Nifty at the 18500 zone. If resistance kicks in, we may see some price/time correction. If not, we may break out of this descending triangle...
~ Swing High Breakout - ✓
~ Price Close at ATH - ✓
~ Positive Spread Performance in all Time Frames - ✓
~ Spread Chart Breakout - ✓
~ RS+ & Increasing Relative Strength - ✓
~ Huge Qty (61.71 lac shares) Delivered on 17th Sept. with Avg. VWAP of 189/-
~ Good Volume Activity during Breakout - ✓
Good Stock to Study & Keep Eye on.
Breakout from resistance of 102.32 with good volume.
Relative Strength is STRONG, with good support at 130.9.
It's heading towards 174.5 then 204.5 in short term and 234.5 then 264.5 in medium-long term. #TrendIsYourFriend
Chart Structure:
- Price broke out of a Darvas Box Consolidation on May Mid.
- After little consolidation, it again went up to All-Time-High range & consolidated again for a bit.
- Price broke an All-time-high and rallied again.
- Since Darvas Breakout, the stock rallied around 88%
- Post Rally, the stock has been consolidating again and took a 14% breather...
Breakout from resistance of 1229 with good volume .
Relative Strength is STRONG, with good support at 1075.
It's heading towards 1380 then 1570 in short term and 1760 then 1950 in medium-long term. #TrendIsYourFriend
Breakout from resistance of 880 with good volume.
Relative Strength is increasing, with good support at 796.
It's heading towards 965 then 1070 in short term and 1170 then 1275 in medium-long term. #TradeWithTrend
Breakout from all time high of 4895 with good volume.
RS is INCREASING, with good support at 4340.
It's heading towards 5500 then 6200 in short term and 6950 then 7600 in medium-long term.
Breakout from resistance of 259 with good volume.
RS is going above 0, with good support at 221.
It's heading towards 294 then 340 in short term and 385 then 430 in medium-long term.
Breakout from resistance of 740.75 with good volume.
RS is positive above 0, with good support at 630.
It's heading towards 818 then 920 in short term and 1020 then 1100 in medium-long term.
Good Breakout from resistance of 288.30 with good volume.
RS is positive above 0, with good support at 230.
It's heading towards 350 then 420 in short term and 490 then 565 in medium-long term.
Breakout from all time high of 702 with good volume.
RS is positive above 0, with good support at 584.
It's heading towards 885 then 1070 in short term and 1250 then 1400 in medium-long term.
Good breakout from previous resistance of 847.
RS is still below 0 on 2HR and Daily candle. If RS turns positive in next 1-2 session we can take entry with short term targets 900, 980 and medium-long term target 1050 and 1150 with good support of 775.
Because RS is below 0 line it's a risky trade. All time high is 872.95 that can be next resistance too.
Good breakout from previous high with good volume. Broke the resistance of 2487.
RS > 0 with good support at 2023.
We can see short term target at 2800 and medium to long term at 3300 and then 3700.
Good breakout with good volumes trading at all time high.
RS > 0 on 22 Sep '21. We are seeing 2HR candles RS is going up and down 0 line but on the Daily and above timeframe RS is above 0 from almost 90 days.
With good support at 1360.
Relative Strength is above 0, We have good volume + breaking previous resistance.
If close > 590, then first we can go till 753 then next will be 842 & 930 With Good Support at 610.
