Stock has taken support at Weekly 20... What next??
Price is at major trend line and if gives a BO above resistance level then a swing is possible on upper side..
Stock will become more strong if it does a retest after the BO.... Keep an eye to check this hypothesis..
Chart has given BO on weekly basis.. it should come to retest at the BO level... if it happen than generally entry get trigger... In such a situation, one can have a 1:1 RR.. SL 135 T 195
FinNifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to...
WIPRO has formed over a 1 year long cup and is poised for breakout and if can sustain. It has fallen over 50% from top and regained 25% from bottom already. RSI is high.
INFY is showing *early* signs of breaking out of a weekly flag pattern and descending channel. Keep on watch. This coincides with the CNXIT parallel channel breakout pointed in earlier idea . RSI is high, though volume change is not significant. Big gap resistance ahead.
TATAMOTORS has broken out of a 8 year inverted head and Shoulder and is sustaining the breakout. RSI is high. Lets see how high it can go if it sustains the breakout.
GLAND PHARMA is gearing to break a 3 year resistance and has created a 1 Year Cup and handle and retesting levels after a prolonged downslide over 3 years. Volume and RSI are high.
KSL or KALYANI STEEL has done a massive 6 Year Cup and Handle Breakout. It then retested the level and brokeout again with highest volumes. High RSI.
Looks like Eicher Motor will take support near 3100 level, lets see
Eveready is consolidating between 270-380 from the last 18 months and tested 270 level 3 times , looks like it has more chances to break 380 level and test 430 this year, lets see what happens
In the Weekly Chart of JINDALPOLY , we can see that, it might give Cup & Handle breakout. Enter on breaking its high with low as SL. Expected momentum is shown in chart.
In the Weekly Chart of MANYAVAR , we can see that, it has given W breakout. Let it retest and then enter with SL. Soon we might see a Cup & Handle breakout in it.
In the Weekly Chart of DEEPAKNTR , we can see that, it has given Trendline breakout and retested it properly. Enter on breaking its high with low as SL. Hold till above seen target.
In the Weekly Chart of ASIANPAINT , we can see that, there are 2 possibilities for upcoming momentums. Trade where market takes the stock.
In the Weekly Chart of GINNIFILA , we can see that, after Cup & Handle Failure, it has given breakout and retesting is aslo done. Enter at 31 with SL as 29.30. Book your profits as per your RR trade plan.
In the Weekly Chart of DIVISLAB , we can see that, it has given Inverted Head & Shoulder breakout. Let it retest the Trendline or enter on retest with Candle's Low as SL. Strong Bullish momentum is expected till 4600-4700.