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Relativestrength

Bullish breakout for long term investment opportunityStock has given a good bullish breakout (on all time frames) from a 5-year long trading channel with high volumes and positive RS. Looking for a good upside potential for a mid to long term view till RS sustains above zero line. Momentum in tech stocks will be a good supporting factor to bring a good rally. Discliamer: Take this view for educational purpose. Trade/Invest on your own risk. Happy trading. Happy Investing!
NSE:HCLTECHLong
by rahuljaiswal1580
PURE PRICE ACTION The setup is all set for a breakout with good volumes and RSI in momentum. Key level: 175-180 levels: Could act as a resistance. Be cautious! Wait for the right price action. Breakout will be confirmed once it crosses this key level. If it does, bears would be trapped at top levels and a swift upside momentum could be seen in intraday session. Let's wait for more price action. Disclaimer: Take this trade for educational purpose and trade on your own risk. Happy trading!
NSE:MANAPPURAMLong
by rahuljaiswal1580
SWING TRADE - SUPPORT & RESISTANCE TRADEStock is taking a good support of the resistance turned support zone. A good upmove with a spike in volume will confirm the dominance of bulls over bears. If RSI remains over 40 levels momentum will be in the hands of buyers thus a good upside potential. But let's wait for the volume confirmation and we'd be good to go keeping a bias towards upside. Strong support: 110-115 Disclaimer: Take this view for educational purpose. Trade on your own risk. Happy trading!
NSE:INDIACEMLong
by rahuljaiswal1580
2
SWING TRADE - PURE PRICE ACTIONGap formed on march 12th acted as a strong resistance which was tested multiple times. Stock is moving in a clear uptrend forming HH & HL and with a good accimulation near its resistance area it has given a clear breakout with massive volumes and good relative strength. Now it is at very crtitical level i.e. its previous support, which has now become its resistance (445-450 levels). If the stock is able to hold these level and sustain for a meaningful time above this level, it has a good potential to rally more from here since buyer's momentum is too good (check if RS is above the zero line). But if it opens gap down or isn't able to sustain above this level, a good sharp fall can be seen on account of profit booking or seller's waiting to trade at this resistance levels. In such case 389-390 is a strong support. Let's wait for some more price action. Trade with caution. Disclaimer: Take this view for educational purpose. Trade on your own risk. Happy trading!
NSE:BPCL
by rahuljaiswal1580
5
COLPAL- Triangular breakout NSE:COLPAL After a big rally seen in pharma sector which is now taking a pause and FMCG stocks on the other hand giving good upside moves after a consolidation depicts that the momentum has now been shifted to FMCG sector which can been significantly noticed by seeing the price action in CNX FMCG. After a big move in Britannia and HUL, also ITC. Price action in COLPAL clearly depicts a bullish triangular breakout with good volumes for which RSI and RS confirms the charge of bulls over bears. Hence, a good upside move can bee seen in a short term span. One can play a good swing. NOTE: The probablity of stock sustaining above breakout level becomes good only when nifty (index: overall sentiment) supports it. For a short term nifty seems to be a little weak which can drag the stock back gain in the pre-breakout zone (failed breakout). So probably wait for some more price action and trade with caution. Disclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!
NSE:COLPALLong
by rahuljaiswal1580
JUBILANT FOODWORKS - TRENDLINE BREAKDOWN (BEARISH SETUP)NSE:JUBLFOOD BEARISH SETUP - Breakdown from a long supporting trendline (rising wedge pattern) with decent volumes supporting the bearish momentum. RSI and RS confirms the charge of bears. Thus a good downside move can be seen in next few trading sessions. View: It will bleed more (may be after a short retracement). Since it is showing weakness on relative strength. Momentum may continue PS: Trade with caution or wait for some more price action. Diclaimer: Take this view only for educational purpose. Trade on your own risk. Happy trading!
NSE:JUBLFOODShort
by rahuljaiswal1580