Trader
MOTHERSUMI TECHNICAL ANALYSIS.This is a weekly chart of mothersumi. A nice head and shoulder pattern is broken. It is retesting the resistance and giving a nice opportunity to sell. A nice positional trade is possible. What is your opinion?
Stop buying after breaking down channel downside. We have enjoyed ITC from the bottom. We can also short after breaking down... wait for confirmation I will update in the timeline here.
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"" WEEKLY CHART ""
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HDFC Technical Analysis.The price is respecting the drawn resistance very effectively. The price got rejected three times from the resistance. It is also forming a nice buildup near the resistance which has the potential to give a breakout. Do keep a watch.
Do you want footprint of GRASIM?NOTE: IF YOU ARE PLANNING TO TRADE , I WILL WORK FOR DAILY TIME-FRAM E AND 30-MINUTES TIME-FRAWE FOR GETTING ACCURATE NUMBER TO TRADE. Kindly, say in comment section.
1) The primary trend is up .
2) The remarkable point is price rotation which is a sign for you to trade in which direction.
3) Volume gives hit of your direct right or wrong
4) Observation area should require to watch carefully.
Conclusion: Buying is good on this stock to compare to short. Presently, if it is an up-breakout will show us price rotation and volume will be lower.