This stock has been in a downtrend. Few days earlier, it has broken out of trend reversal double bottom pattern. Also retested the the neckline couple of times. In fact, both the times, it went below neckline and again came up with a huge volume. This clearly suggest that strong buyers are standing below that level. The stock is consolidating near it's downward...
A TATA Group Company, INDIAN HOTEL is moving in Darvas Box. Swing traders keep this on radar because it looks like this stock is ready to break upper range of current Darvas Box and enter into a new one. Multifold increase in volume is clearly seen on the chart since last September. If it breaks upper range then it will be considered as volume accumulation. Add...
CARTRADE is forming rounding bottom and double bottom pattern after downtrend which started right after listing. Swing traders & intra-day traders may keep an eye on this scrip.
BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL...