After oblique TL BO, consolidated a lot and now ready to move forward with a new high. Volumes are rising in such punishing markets. Watch closely and take action. Good for positional as well as swing.
A very long term pattern preferably for positional trade and long term swing trade. Keep your SL below 66 (recent swing low). Also, see in daily TF, it gave the wedge breakout with heavy volume after consolidating on the trendline. This shows upside momentum is intact. Targets are mentioned.
I want you guys to decide whether this is a breakout or not?
Make sure to keep tight stop-loss and have a good risk : reward ratio.
If you have any questions or need guidance.
Then feel free to message me here.
Stock has moved up after making double bottom and has broken the resistance zone to make new ATH.
There are 2 possible scenarios mentioned in the chart for stock's future journey. Kindly wait for right levels before taking any trade.
Intra - Buy if sustains above 1167 for 5-10 mins
Swing - Need to wait for 15-30 min candle close above 1167
|| Hari OM||
Let’s see what happening on a Daily Chart of TATAMOTORS.
On a candle A which is of 2nd march 2021 we had seen good gap up opening and also, good rally all through the day, which was actually good indication of continuation of the...
Stock has taken support from long term Trendline and risen after making double top.
Intraday - Wait for 5 mins closing above 142.40
Swing - Wait for 30 min closing above 142.50
P.S. Good if market is in uptrend
Trendlines are marked. If abv TL is broken we may see a big rally in the metal sector (jsw steel, jindal steel, hindalco, vedanta, Hindustan zinc, etc) further too. A good opportunity for positional traders and medium-term swing traders.
- Stock made Bulllish Divergence on daily chart.
- Respecting its old Trendline
- Taking Support in weekly chart too
- Stock is still Trading above 200 MA
Those who missed the entry above hammer candle can take long above 980.
If it sustain '980' level, a good uptrend move can be seen in the upcoming weeks.
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