The chart is pretty self-explanatory. A simple breakout with volume and SL if breakout fails based on risk taking ability. MACD is also suggesting a trend reversal but the reversal is on its very early stage. Also stock has crossed 9 MA (9 MA can be very useful for short term) and today the stock has crossed the last lower-high swing.
For a good trade, I keep...
Pattern : Triangle pattern with profit margin around Rs.300 Gain
Look After Green Candle at the end of the day and enter the trade
Note: MACD is in Bearish Trend , look after the indicator and book some profits
Fundamentals: Dixon has a great fundamentally and fits into my basic filters.
If you have any suggestions, do comment my analysis.
With Regards,
Karthick T
Logic :
1) Cup & Handle Pattern
2) Bullish Engulfing Candle Stick on 25-05-2021
3) Volume above the average of 20 days
4) RSI Crosses 60
5) MACD Crosses Signal Line
moving in channel
rejection from top line of channel
macd, stochastic - bullish crossover
two possibility - given of movement
stop loss - thick dotted red line - 542
HCL Tech shows a postive trend after the fall and getting support at very crucial 895 levels.
Current MACD and Bollinger Band Explosion to higher line suggest it shows the Bull move in the cards.
I will buy it at current levels pf 935 with a small SL of 923 with a target of 980 and above in June.
Please note when it crosses Zone 1 there is no stopping this...
Took support at 50DMA and now moving upward , MACD is in green as well, so buying is there , can take position now or wait for next candle to confirm direction
tata steel is going for fueling to break new high mark it!!
ohk for tmr tata steel will be for short side as it is hold in support so the support will be seen to be break and tg is 1050
REASONS
1- 200 ema support also candel support lvl is also there so we can get our tg easily after that if good volume support is taken then market will go for long...
BLZ has been due for a big news now and the price just bounced a little from a good support, hoping to increase from here. MACD validates the move and everything seems great, just EMA 20 needs to be crossed and we go!
1. Around strong support zone 656-665
2. Retracement done from high to low (More than 0.618 fib level) , but currently above 0.618 fib level
3. Consolidation going from few days (possible breakout anytime)
4. MACD about to give crossover*
5. Taking support from almost an year old trendline ( starting from 12 June 2020)
5. Decent delivery percentage (around 40% on...
THE STOCK has completed its consolidation phase and we recently saw MACD crossover at a good support level above 900. we WILL also see a golden crossover in this week.. Hence providing a low risk trade setup on analysing daily chart.. SL-920 and T1-970...........
MATIC Polygon has been one of the coins with high volatility and now that it is near two curical support lines, I expect it to dip a little further from here and bounce back very strong from here. If support is broken, entry is invalidated. I expect the support to hold strong. RSI is oversold here and might be a good sign to enter once MACD validated after a little dip.
