CHANNEL BREAKOUT WITH GOOD VOLUME & RETEST - GOOD FOR LONG Dear Friends,
The stock has come out the channel with closed with strong buy with good volume on weakly basis. Stock is good for long.
Disclaimer: This is for educational purposes. It's our own risk to take the order. Kindly do your own analysis or consult your financial advisor
Stockstowatch
V-Guard - Adam & Eve Bottom Out with Breakout and Re-test!V-Guard has bottomed out in a classic Adam & Eve double bottom pattern.
At the top of such patterns there is rectangular accumulation that was un-rewarding to those that entered early.
However, their patience is now being rewarded having shaken off weak hands during the Adam & Eve formation.
Now, a breakout of the Rectangle is seen, which has also been re-tested successfully.
Moved successfully into All-Time High Territory, onto the stock itself to discover it's real price - No resistance ahead!
#JSL Jindal Stainless, pennant pattern#JSL has given breakout from the upper trend line of the symmetrical triangle on Daily chart.
Good Volume.
Consolidation formed a pennant pattern and now BO.
Has already formed rounding bottom on Long Charts weekly/monthly
Near Term Target 110+
Potential Target 130+
SL- prev day low.
Note: not SEBI Registered. Nor any Recommendation. do your due diligence before taking trade.
Engulfing Bearish Candlestick in DLFThe daily chart of DLF has formed an Engulfing Bearish Candlestick showing signs of negativity coming into the stock.
One can go short only below a valid Break Down of support marked.
An upside channel can also be seen.
If the stock manages to close above the channel then it would generate buy.
Trade as per priceaction.
Radico Khaitan - Set to create new All-Time HighsInverted Head & Shoulders = Bullish Reversal. Successful re-test of neckline.
No immediate resistance. Increase in Volumes.
Venturing into All-Time High Territory, also known as "Price Discovery Zone" wherein fundamentals will drive how far the push will go.
On the fundamental side, positive developments include:
1) Gradual re-opening of lockdowns and recent news regarding Delhi permitting home delivery of liquor.
2) Company's plans to tap further into premium and luxury liquor brands.
3) Company's backward integration to protect against raw material inflation.
#NFA #DYOR.
Crompton Greaves - Bullish Flag Breakout? After moving consistently within a Flag formed, the stock looks ready for its next leg up.
However, breakout of the Bullish Flag pattern has been followed by a tentative looking Doji.
Therefore, decision to buy will depend on tomorrow's opening (26.05.2021).
A positive opening looks like an opportunity to buy whereas a negative opening would move the stock back into the watchlist until the next breakout.