It is been observed that the price action firstly broke out from the long term trend line and now breaking out from a short term trend line indicating a strong up move ahead. It is not fundamentally good but it shall provide good short term returns. Target 1: 30 (50%) Target 2: 45 (120%) Stoploss: 17 (15%) Disclosure: Personally invested.
Just note the high and lows of today high-24994.85 low-24803.65 if market sub stain after breaking high or low just take a trade in that direction Just for knowledge purpose i captured complete 1006 points of bank nifty -0.20% by analysisng the dates Sustaining above high and low is very imp not just breaking
It has been observed that the price action formed a double bottom at 155-157 levels and now showing strength and pushing up price action to new highs and changing the trend from lower lows to higher lows and higher highs. It is a positive indication and the stock shall perform well in coming session. T1- 170 T2- 175 SL- 162
On monthly chart, the price action indicates a change in trend. Why is it a Change in Trend: 1. Price action making lower Highs (LH) and Lower Lows (LH) on monthly chart created a downward trend channel. 2. Now the price action made a Higher Low (HL) as indicated in above chart that indicates rejection of lower prices and buyers entering market to control ...