HOW TO FOLLOW ALGO SIGNAL:
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
The following points are confirmation for U-Turn .
The volume will decrease if stock wants to change the direction OR, Volume will be average vol.
We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-tren d, but time-Cycle(iii) is the negatives in time. The previous support...
Tesla is in ascending triangle which has bias to break to the upside.
Good fundamentals and strong demand.
RSI is also in ascending triangle.
I expect the price to either retest the uptrend line or break the $460 mark and go for $500.
How to play this?
So either buy the break of $460 or set a long position at $415 for improved reward.
I will buy COALINDIA because :
I has broken its small resistance and s at its support zone ,
It has also broken its trendline.
Its consolidating reversal can be seen
Entry : 119
Target : 136/143/150
Stop loss : 368
I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a kind of expanding pattern .
It has been taking the support of the lower trend line .
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 127
Target : 158/161
Stop loss : 119
I will buy BANDHANBNK because :
It has been taking support at the trend line .
It has touched the trend line 3 times and has not been able to break it.
It is also forming a inverted head and shoulder pattern.
So will be looking at buying opportunities.
Entry : 325
Target : 405/410
Stop loss : 295
LINDEINDIA looks to be consolidating in a range for last few days. Resistance is around 845. Support looks to be around 800. If the stock moves above 850, it can start a rally on the upside which can take the stock towards channel resistance line around 950.