Clean Science having Good Risk:Reward ratio(1:3.25).
Good upside if takes support after retracing .
Breakout and Retracement.
In a good Uptrend.
Will be investing only if starts to move upward from this level.
Fundamentally Strong. Speciality chemical at play.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and...
TATA Consumer looks strong…
• Today gave a break out from two day inside bars with a big green bar with very good volume
• Above 13 and 50 EMA
• Price touched 0.618 retracements levels
• RSI increasing
• Bearish Crab harmonic pattern formation is in place
What can happen next :
Scenario 1 : Price sustaining above 850/853 levels can take it to...
Will Shree Cements go up ???
• Measured Move up pattern formation is seen
• Last 3 days candle sticks pattern shows as 3 black crows
• Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4)
• Price took support of 12 EMA with decreasing volume
What can happen next :
1. Moving Average
2. Break of Structure
3. Fibonacci golden level
624-630 are the demand zone levels. Once price reaches the zone, wait for candlestick confirmation and break of structure in retracement trend.
The chart of Sun pharma shows a trendline breakout. Good to enter for decent returns (Targets marked on chart). Risk-averse traders can wait for a retracement to the trendline.
Most pharma stocks look good for a breakout. Happy trading!
Explanation : This is a 15 min time frame chart of BAJFINANCE . We using 50 & 200 EMA strategy , It has taking 50 EMA Resistance If stock continue downtrend move we can easily achieve our target 200 EMA . It has formed a pattern , What kind of pattern it is ?? let me know in comment below 👇
If you like this analysis of Stock give a Like // Follow , let me know...
Hindustan Unilever is showing signs of bearishness
• Daily Trend far away from 20 EMA
• Uptrend is in pause mode
• Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down)
• Since 17 sessions stock did not retrace
• Volume is decreasing
• RSI and MACD in overbought zone
• For a healthy uptrend retracement need...
Lupin has done Very good correction in this month but the chart looks high slope for downtrend which could sustain as it need to satisfy the
demand and supply . Now its in perfect place for retracement can retrace upto around 975
Golden opportunity for swing trade 2-3 days will do it but followed by strict stoploss
Take position only after getting buy...
Sharing only for the purpose of learning.
IT sector may lose some steams after this wonderful rally.
Fibonacci Projection as shown reached the 1.414 levels in a single rally.
Few stocks showing some retracement signs on charts.
It can retrace or again start his journey again as few stocks still seem very strong on charts as below.
- TCS - Mindtree ...