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Update on Nike SwingTrade on Nike Swing is no longer relevant because of following :
1) Nike has been unable to higher high which indicates lack of buyers in the market
2) Also, Nike has started consolidating at the supply zone and on top of that it is not heading higher. Which means Nike is distributing right now.
3) Also Nike is distributing on top of demand which means that demand zone will be violated
Right now there is no trade now. But I'm explaining that the long Swing trade is no longer relevant.
Wait for Nike to shape for new opportunities
LIC Housing Finance Breakout1) LIC Housing Finance Breakingout after a 9 month consolidation
2) Next Target 570
3) All Housing finance stocks PNBHousing, IndiaBulls Housing on a roll
4) Today's volumes highest since November 2020
5) RSI, MACD indicating very strong momentum and ADX indicating very strong trend
BKT giving a breakout of a symmetrical triangle1) Breakout of a symmetrical triangle
2) Close to All Time High
3) Long term uptrend comfortably intact
4) Auto Ancillary stock which derives most of its revenue from Europe and America (major +ve in the current market scenario)
5) Trend very strong with ADX at 52
DLF on the verge of a Breakout1) Reopening trade playing out in realty stocks such as DLF, GOdrej Prop, Oberoi etc.
2) In case of DLF, 20 Day MA has just crossed 50 Day MA
3) The long term upward trend is intact
4) If it manages to close above the short term resistance of 293, can move to last swing high of 326, implying around 12% upside.