Reversal
Beaten down stock. Reversal possible. Strong volumesStock was in downtrend. Today it has formed a very strong candle which closed above AVWAP and High Volume Node
Reversal signs in chartStock had corrected significantly. But the stock has taken support at previous breakout level and now has given a breakout above downward slopping trendline. Swing trade possible
Adani Ports And Special Economic Zone LimitedDouble bottom reversal pattern in Adani Ports And Special Economic Zone Limited
MCX Multi Commodity Exchange Of India Limited trading inside a channel with reversal from support line
West Coast Paper Mills Limitedreversal from support line in West Coast Paper Mills Limited multiple times
Schneider Electric Infrastructure LtdDouble bottom reversal in Schneider Electric Infrastructure Limited form support line. Also there is bullish MACD crossover
Bodal Chemicals LimitedReversal from demand zone in Bodal Chemicals Limited. also there is bullish MACD crossover
Trend Reversal1)From many days banknifty was correcting it's price.
2)Now that hourly resistance of 37000 is breaked.
3)We can expect a bullish trend if market moves out of this range.
Dilip Buildcon LimitedReversal from demand zone in Dilip Buildcon Limited . Also there is bullish MACD crossover.
Axis Bank LimitedReversal from demand zone in Axis Bank Limited. Also there is bullish MACD crossover.
Hester Biosciences LimitedReversal from support zone in Hester Biosciences Limited. Also there is bullish MACD crossover.
Everest Industries LimitedReversal from support zone in Everest Industries Limited. also there is bullish MACD crossover.
Aegis Logistics LimitedReversal from support zone in Aegis Logistics Limited, volume is also seen increasing, RS line also shows strength.
Note: Time frame is weekly in this chart
HDFC Asset Management Company LtdWedge pattern in HDFC Asset Management Company Ltd and reversal started from support line with increasing volume.
Deepak Nitrite LimitedReversal from support zone in Deepak Nitrite Limited. volume is also increasing
Hindustan Uniliver on support WatchoutHindustan Uniliver on support Watchout
can hit stoplosses of many peoples and can give reversal,
Reversal possible from here
My personal Target is minimum 20% upside from here.
Trade on your analysis.
Happy Trading!
MCX Swing TradeNSE:MCX Swing Trade
Current Price : 1713
This Script perfect support on its trendline
I expect it will bounce back from its support line and try to brake the triangle formation
Target : 1880+
Stop loss : 1678
This is only for education purpose.
Follow for more update.
