BPCLThis is for Study and Educational Purpose and for my individual learning.
BPCL was in down trend.
The trend has now chaged
Its been moving up for quite sometime and broken the downward trendlines.
Trend Lines
AXISBANK - Will the LongTerm trendline survive this correction?Stock has been following the green line but the bull market seems to have topped at 650 - 680 band. A strong closing above the Red line may take the stock to 840 980 levels.
A consecutive weekly closing below the green line may trigger a huge correction which is not very far off.
Will the stock respect the trend this time? Only time will tell...until then lets wait and see
BAJFINANCE Near Strong ResistanceNSE:BAJFINANCE is near strong resistance. Trendline resistance, Monthly Pivot R1, Highest Call OI at 2800 and dark cloud cover candlestick pattern
Rounding bottom formation ABCAPITALRounding bottom formation with increasing volume and long term trendline breakout
LOOK FOR BUYPrice bounced from the support zone on the higher timeframe and we can see clear impulse wave with the two HH and HL structure and also there is a trendline break confirmation, Now we need a clear buy signal to enter into the trade. This is the low-risk high-reward trade so look for the bigger target but take the entry on the lower time frame
LOOK FOR BUYPrice bounced from support zone with very good momentum and price broke the trendline, Now we need a clear signal to enter the trade.
LOOK FOR BUYMomentum shifted from downtrend to uptrend and price also bounced from support zone with trendline break confirmation, Now wait for clear setup.
LOOK FOR BUYAlways look for low-risk high reward setups, Buyers are trying to control the market, As we can see some buying momentum from support and with trendline break signal, Now wait for a clear signal.
LOOK FOR BUYVery simple and repeatable price action structure, Momentum signal with trendline break confirmation, Now wait for a clear signal to enter the trade.
LOOK FOR BUYPrice bounced from support zone with Momentum and this is the sign of trend change, Now we need a clear signal to enter into the trade.
LOOK FOR BUYPrice bounced from support area and also break the trendline with momentum, Now wait for the correction to enter the trade, We can see the target area around 306.
LOOK FOR SELLSame pattern, Same analysis. Price brokle the trendline now wait for pullback to enter in the market
LOOK FOR SELLPrice broke the trendline and we have got a clear pullback, So we can take a trade as per money management rules.
LOOK FOR SELLTrendline break with the momentum and also we can see price break and trade below the support zone, Now we need a clear pullback to enter.
RELINFRA - Ready to join the pack of penny stocksNarrowing range is very close to breaking down on the downside.
A weely closing below 280 levels may see this stock heading for double digits.
LOOK FOR BUYPrice bounced from the support zone and also break the trendline with the momentum, Now we need a clear pullback to enter into the buy trade.
