POWERGRID is in its support region and there is a resistance from above also. So, if it break out the above pink line with heavy green candle than it may go UP
if it breaks the below support region than it may go down.
If you look properly, this same pattern is repeated multiple times in Powergrid.
This is just my analysis
Simple trend line analysis for Alembic ltd. cleary showing bullish trend so this is a very good buy opportunity.
Buy at - 109
Stop loss - 98
Target - 130
Note:- (only for education purpose and demo trading)
On A Daily TIme frame , BankNifty has broken Rising Wedge pattern
When Price Action is considered, Dynamic Resistance still needs to be broken at 21023 if we consider bull to come back but not before 21356.
Multiple touch of upper trendline that makes dynamic resistance .
Upper trend line was respected for almost 5 months.
Looking further you will observe...
although its a gap there which need to fill but i see it shall take some time , and even if it fill it will not go one way down (leat possiible) thus will be happy to go long on dip for temporary 5% gain
TOMORROW, THERE IS MORE CHANCES TO OPEN MARKET IN HIGH GAP UP LIKE ABOVE 11651.
IF MARKET OPEN ABOVE 11650, CHECK MARKET TREND AND READY FOR SHORT SELLING AT MUCH HIGHEST POINT LIKE 11680 IN HALF SESSION.
TOMORROW, THERE IS CHANCES MARKET CLOSE IN LITTLE GREEN CANDLE.
1. MARKET CAN STABLE FOR TOMORROW.
2. RANGE 11650-11700 IF OPEN 11580-11600
3.RANGE 11650-11550 ...
ACTION - BUY
TARGET PRICE 190/-Rs
REGRESSION TREND CHANNEL BREAKOUT
TREND LINE BREAKOUT AT 181/-Rs
Disclaimers: - The contents produced here are purely for Educational Purposes. They Should Not Be Constructed as Buy/Sell Recommendations
Financial Interest - NO
We Have previous run of STORJ . Highly pumpable Coins . Making Falling Wedge in 4H., Cloud confirmation is strong in 1 D timeframe. Worth Keeping an Eye. If BTC remains stable we can expect high return in short term.
Hero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock.
Reason to buy for a weekly position:
1) Trend-line in the daily time frame is broken.
2) Triangular pattern breakout.
3) Upward momentum with good volume.
Wait for price action then trade, current view bullish. Retracement...
As per my analysis, Dow Jones can get one more reversal as the Markets are on there highs. It's good to see Bullish sentiments all over but to go bullish in the markets or to grow in life, we need strong roots because not a single branch of tree can hold all the fruits.
Remember, Eat the Fruits or Eat whats left in your basket but Don't ever wait on the losing...