An On Neck Chart Pattern Breakout happened on the weekly Time frame of NSE:TNPL
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on weekly closing...
TNPL - Tamil Nadu Newsprint Limited - NSE:TNPL
Daily Chart Analysis : SHORT TERM PICK
Technical Setup : As we can see on chart in recent few days market was consolidating with sideways to bullish bias with some improvement in volumes. With todays move and volumes now it seems that market is ready to blast on upside (just a matter of time) . The first target...
As per 60min Chart
Nifty monday morning goes up level @ 13840 and more (wick level high )
but 1 hr close @ 13749
Nifty coming week down to 12800 ( step by step as per lower time frame basis)
Reason
correction side almost 4th wave completed so it take turn to down ( 5th wave )
so down movement may be fast
Becare friends
