- Type of trade- Swing Trading.
1) Entry: 995 to 1001 2) SL: 75 3) Target- 1030
4) Time Target- 5 to 20 Days
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-Multiple confirmation from Moving average
- Respecting support as it has tested support level 3 times since Feb'21.
-Triangle Breakout in day timeframe
- Double exponential MA confirmation
-...
Flag pattern is common and continuation chart pattern in trading.
NTPC Ltd formed Flag Pattern + Breakout completed in daily TF
1. On 7th June Breakout completed and retest phase in progress
2. Since its continuation pattern price started from channel bottom of 97.05 level
3. Can add now until 112 for avg price
4. At present volume is ok level
5. 1st target is...
Flag pattern is common and continuation chart pattern in trading.
South Indian Bank forming Flag and pole pattern in daily TF
1. On 7th June it has formed a Bull candle before it showed exhaustion in bear candles and bears are tried to push the price down
2. Volume is key for any Breakouts and i am waiting for good breakout candle with high volume
3. 11.50 is...
This has morning star pattern in sideways trend for short term So definitely going to go up. Reason for buying
1) Morning star pattern
2) The bullish candle on 8th breaks the resistance level
3) RSI corssed 60 after long time
3) A squeeze is happening and so definitely the sideways trend is going to break
4) MACD line crossed signal line
5) Volimes are good on 8th...
Looking at the weekly charts of Sumitomo Chemicals it can be seen that there is a year old resistance line. And then there is beautiful breakout of this line accompanied by good volumes... (OPEN THE CHART FOR DEATAILED VIEW)
Now, here RSI is high and shows momentum. Hence RSI should fall marginally. Therefore, prices must fall, but not to a great extent. This...
Technical view: Chart pattern: Inverted H&S Pattern, RSI is Bullish, MACD is Above Signal and center, ADX is Bullish. Buy at cmp for 700+ levels, horizon: 3M.
Its a swing trade and mentioned all the study in the chart.
Date: 8th June'21.
Multiple trade confirmation identified in this stock.
1 CANDLE : Dragonfly Doji
2. Exponential MA- Crossover completed
3. MA: Above 55 MA
4 MACD CROSSOVER : Yes
5 RSI: Near to 60 (currently its 59)
6 Pivot- Broke the pivot point
7 Bollinger Band: Close to upper BB
8 Triangle...
Technical View:
Chart: Trendline resistance breakout with rev (H&S)
RSI: 62 (Bullish)
ADX: 50(Bullish)
MACD above signal and center(Bullish)
Price above all SMA(Bullish)
Buy NIACL at CMP for 275 levels. Chart is self-expalantory.
broken 6 month trendline
sustained above trendline
volume- not a volume breakout but can see consildation of volume
macd - bullish with signal line crossing just now
fibo level - 0.5 - 173 which is our entry point
0.6 - 183 our first target
0.7 - 198 our second target
@ 173
T - 180,198
sl- 173
buy - selling from 4 days without any buyer intervention
above average sell volume means seller put all their effort
sustaining 918 level which was few week back crucial level on 25 march
nifty is stepping up with all stock,why to left behind airtel
sell - macd cross mid line with selling candle
...
A Definite buy. Hold for around 2-3 months.
Here clear indications of a handle formation as cup is formed already and then the resistance will be broken. ONce the resistance breaks then it will rise so high as the next resistance is so far above as you can see
Also the RSI is good and still climbing up. MACD line is promising too.
Definite Buy
![M_M: M&m breakout[short]](https://s3.tradingview.com/c/c7GMJK2c_mid.png "M&m breakout[short]")
