As you can see in the chart there is a strong resistance of 2930,
In previous trading days stock made head & shoulder pattern and then gave the breakout now again,
Stock is making head & shoulder so in this condition there is two probability that can happen in this trade.
1. Share tested three time 2930 levels, now it can be possible that in the next time...
There is a strong resistance of 840, stock two times reverse from this level,
And then recovered in a v shaped now again today touched the level and made the breakout candle,
So tomorrow if share goes above 840, we can buy this trade.
What's your view on this comment below in the box
The stock is continuously riding the uptrend in a parallel channel in daily as well as weekly time frame.
Currently the price has touched its multiple time resistance. And now it's into watchlist whether it will form a consolidation phase and then breakout or directly breakout.
Entry - Above 975+ with above average volume.
Target are explained in the chart...
BUY GIVEN @ 68
FOR TARGET 80 +
SO FAR 76.5 IS THE HIGH MADE
FOR NOW 80+ TO HIT
2 HURDLE LEVELS TO TOUCH N CROSS
LETS WAIT N WATCH THESE 2 LEVELS
disclaimer - for study purpose only
below attached old idea post for reference
Let me know if you find this useful and if I should continue posting such ideas on daily basis for intraday/swing levels of stocks & indices?
Take a look at the chart properly for detailed analysis,
also please note that this idea is purely for educational purpose only, kindly do your own research before investing and trading or consult your...
GOREJCP HAS TWO RESISTANCE
1. LONG TERM TRENDLINE TRENDLINE
2. RECENT SWING HIGH
IF IT BREAKS THE 728 AND HOLD THEN ONLY LONG IS RECOMMENDED
IF IT BREAKS THE 700 AND SUSTAINS, MORE PAIN CAN BE SEEN. hOWEVER THERE IS TRENDLINE SUPPORT IS AVAILABLE.