After a week of consolidation, BTC, this week, breaks out from its sideways trend and currently trading above its psychological resistance of $50K. On the weekly TF, BTC formed a strong bullish candle which slightly resembles a Hammer Candlestick patter and gained by more than 6%. At the time of writing, BTC is trading at $52K. BTC has been trading in the Rising...
#interglobeaviation potential breakout pre pandemic resistance hit .watch out for a potential breakout. also looks like an inverse head and shoulder pattern on weekly though not perfect looking. bullish momentum and trend seen on all timeframes. Could plan long if a green close appear above resistance with stop loss below it.
#trent is trending. previous resistance was taken out and could see further up move with decent momentum in all timeframes.
Watch for flag breakout in NELCO. Monthly trendline resistance at the top.
BUY HDFC ABOVE 2685 SL 2620 DAILY CLOSING BASIS TGT 2870 / 3500 REASON: 1> Long Consolidation Break Out after an Established Uptrend 2> Consolidation Resistance Level has been already retested 3> RSI Sustaining above 60 Level 4> Good Expected RR Ratio
CHZ has been trading in a horizontal channel formation for the last 2 months. The sideways trend is still intact but at the time of writing, it is trying to breach its upper band resistance. On the weekly TF, CHZ has already gained more than 20% this week. Weekly MACD is also given bullish crossover which depicts that trend reversal can be expected in the coming...
BUY DLF BETWEEN 350-355 SL 335 TGT 420 DLF is bullish in Monthly and Weekly and now it gave break out after sustaining above resistance level.
Hawkins ATH broken and can go long above day high
SL 212 Target - 1st 286 2nd 357
Buy RICOAUTO for the target of 70, multiple breakout , channel breakout...
This is for learning purposes only, take your trade at your own risk, and by taking your financial advisor's advice.
Technical analysis on the basis of price action for short-term swing. I am still in the learning phase open to discussion on the same. This is my personal analysis take your decisions while doing your own research.
KalpataruPower following Fib perfectly. Go long.
Trent is a Tata Group share and one of the leading players in the branded retail industry in India. West Side, Zudio, Star Grocery & fresh Food and Landmark are its top brands. it has given a good breakout on the weekly chart. Keep a check on Trent.
Target 1970 Good RR trade
NEC LIFE MADE A 5 YEAR OLD RESISTANCE BREAK THIS WEEK WITH HUGE VOLUME. CAN BE TAKEN POSITIONALLY FOR HIGHER TARGETS.
Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one...