* Supply zone-4600-4670
* 4 times return from supply zone and this is 5th time (high prob. of breakout from supply zone)
*Price is contracting between supply zone and supportive trendline
* Targets- 1. 5000
2.5190
3.5800
SL- just below the supportive trendline (4280-4340)
squeezing triangular pattern breakout are very quicky and successful (80-90%).
These types of pattern give you high RR ratio like 1:3,1:4,1:5 within a few days
I do share these charts at channel
I will provide link here after taking trading view premium account
Happy Weekend ahead
Had been waiting for this breakout
Price should hold above current support at smaller channel ceiling (confirmation)
MFI neutral
SqzMom bullish and rising
Target 7035 - based off of the previous larger channel
SL - 6320 (smaller channel ceiling) on EOD basis
SIMPLE RANGE TRADE
MFI RISING
SQZMOM TURNING BULLISH
VIX FIX COULD SIGNAL END OF CORRECTION ANY MOMENT NOW
TARGETS - 700, 730, 745
SL UPON BREAK OF CURRENT SUPPORT (ON EOD BASIS)
Trading in Bullish Channel
Formed Bullish Hammer
MFI has bottomed out
SqzMom has started to turn Bullish
VixFix could signal completed bottom anytime now
Looks sorted if the current trend support holds tomorrow and day after
Stop upon clear breakdown below trend support on EOD basis
SIMPLE RANGE BOUND TRADE
MFI BULLISH
SQZMOM JUST STARTED TO TURN BULLISH
VIXFIX COULD SIGNAL END OF CORRECTION ANYTIME NOW
TARGETS 325 350
SL upon breach of current support at 285 (on EOD basis)
HDFC reached its ATH in Feb 21 at 1640.
Since then it has shed nearly 12% and is trading at 1440.
At the current levels it is forming a H&S pattern.
The Squeeze momentum indicator, MACD, RSI , Stochastics all are signaling a continued drop in prices. My immediate target is 1350.
