looking we can see a bounce from here, because if we draw the littile trend line then you will find something
Very crucial resistance zone
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one more counter from the beer and non-alcoholic space! can make a long term investment as well a good play for a swing trade
1-Script at major resistance level 2-No support from major indices 3-Insipite of major volume on some bars the price didn't move anywhere fluctuated around the zone 4- Possibilities /Absorption on previous resistance zone //Buyers not able to push the price 5- Wait for breakout on either side
Breakout with volumes can be seen on the daily chart. Can wait for good retracement for the continuation. PS: This is my own view and analysis, not a suggestion or a recommendation. Plz analyse before trading!
On daily chart - triangle (yellow line) On weekly chart - channel - (purple line) On monthly chart - (whitish line) All are on same zone. Expecting some breakout soon. Can be traded both the sides based on the trend lines. Disclaimer - This is my own analysis and view. You might want to analyse yourself before trading.
A multi-year breakout is about to happen in UBL on a weekly basis. Golden crossover has already happened in the Daily chart and is bound to happen in the Weekly chart which will create a new All-time High for this stock. With higher vol in the previous weeks, this stock will be able to deliver good returns in short to medium terms.
Price trading at the supply zone and it has all possibilities to break this level and record new high in the coming weeks.
UBL forming a triangle pattern, if this pattern is broken then only take the trade.
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 8-10 times.
DAILY CHART ANALYSIS #WHIRLPOOL NSE: WHIRLPOOL Short Term Quick Profit CMP 2351.20 Target 2663.70 SL : 2190 Timeframe < 60 Days Can hold for longer time Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken...
WAIT FOR+++++++++++++ BREAKOUT ++++++++++++OR+++++++++++++++BREAKDOWN ========================ENTER WITH RETEST=================== +++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++ ---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS...
I will buy UBL because : It has been taking support at the trend line . It has been consolidating and give big move soon. So will be looking at buying opportunities. If it breaks the support look at shorting Entry : 1107 Target : 1276/1300 Stop loss : 1039
#ASTERDM NSE: ASTERDM Short Term Earnings CMP 156.50 Target : 173.15 SL : 148 Timeframe < 45 Days Can hold for longer time Factors: Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings...