The stock has been moving in a range and recently tested the support line.
However has closed above the resistance with good volumes (the long green candle which was formed on 2nd Aug and the candle on 5th Aug gave double confirmation). Seems ready to take on the second resistance line. Converging moving averages are also a positive sign with shorter moving...
Weekly showing a rounding pattern breakout in progress taking out a 4 year old previous resistance
The last daily candle is wide range bullish . Momentum indicators is bullish on all timeframes short medium and long
while trend indicators are bullish as well with ADX strength of trending seeing rising up on all frames
and therefore continuation of price up move is likely.
#deepaknitrate This stock looked good on august 11 when it had bullish reverse divergence
but the up move didn't sustain and could have stopped out for if had a swing trade with a tight one
below entry candle. However it took support on channel low and regained it momentum again with
above average volumes and made a +15% up move. Looks like we can expect a...
It can give box Breakout for long position....It is also in very strong uptrend
But Rsi is in overbought zone and macd also given bearish crossover.If it gives down Breakout good chance of going label of @3220 to 3180 .
But stay away from shorting because it is in very strong uptrend and it is Against the Trend
It is for only education purpose do self analysis...
👉You can clearly see that the channel is broken and the bullish channel has been already set up by the bulls.
👉Keep an eye on this stock, and find the right position for long term(min 1 month).
👉According to my analysis, We can see the price striking at 160 or more in coming weeks or months.
👆Follow for more alerts👆
Happy Trading 😊💪
Note:Patience is a...
AFTER THE CONTINIOUS FALL FROM 2017 IOC MAKING HIGHER HIGHS AND HIGHER LOWS FOR THE FIRST TIME IN DAILY AND WEEKLY TIME FRAME CMP 95 TARGET 105 IF BREAKS 105 THEN GOOD FOR LONG TERM INVESTORS .IF BREAKS TRENDLINE ON THE DOWNSIDE THEN BEARISH. PLEASE LET ME KNOW HOW GOOD IS THE ANALYSIS IN COMMENT SECTION.
EURCAD is going down to next Demand Zone as shown.
EURCAD and CADJPY Daily Chart,
it is going down to the next support levels in the Demand Zone as shown which is supported by our 8 Major Strength indicator showing that CAD is the Strongest one in recent days and EUR is going to weak side from these 2 days.
JPY is the weakest one since last week.
Technically Stock has habit creating Trending Fan pattern same can be seen in Monthly (Black Lines), Weekly (Red Lines) as well as Daily Charts (Green Lines).
This Time Stock gave Bullish Trending Fan Breakout around 470 levels, mostly due to Exit polls of TN election where DMK is expected to win.
On weekly Chart a Small Resistance is seen around 558, crossing...
Dabur is continuously making higher tops and higher bottom, it is good momentum and the current lockdown in different states also supporting the charts with a reasoning that people are again stocking up FMCG / Herbal goods.
KNR Constructions Ltd: Momentum trade setup. Increasing buyer participation and institutional interest. Trending above short medium and long MA's. Happy trading folks NSE:KNRCON
“The goal of a successful trader is to make the best trades. Money is secondary.” - Alexander Elder
Meaning: A quote to remind you to focus on getting the trade to work first! Money...
BSE:BLACKROSE Black Rose is a fundamentally strong company in the pharma space and currently trending up. It's above its short and long term Moving averages and poised to break out.
Disclaimer: Please note that I'm not a SEBI Registered advisor. This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due...
It is been observed on the Daily and weekly chart that the price action is trending up and now forming a ascending triangle on weekly and daily chart indicating buyers control over price action.
Short term: (2-5 Days)
Mid-term (1-2 weeks)