In depth price action analysis : 1. Indiabulls Housing Finance seems to have found a bottom after the covid crash in March 2020, forming an ascending triangle ever since, and recently giving a breakout with decent volume. 2. There has been an increase in volume not seen before post 2020 suggesting interest in stock. Currently price is retracing back to support...
Details in the graph itself.
The stock is showing exceptional momentum close to the long term breakout. Notice the Gap up in the latest weekly bar opening. 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) BUY GUIDANCE: Never ever buy...
Weekly Breakout Target 1: 1052 Target 2: 1190 SL 850s levels Big Breakout Good Volumes RSI trending up RS turning positive
Price starts moving in uptrend after low volume pullback on resistance level, bullish structure. - Decreasing Pledge. - Increasing cash flow from operation. Price can easily touch 200 level in few days.
Self explanatory Chart TGT: 185
Pharma sector is projected to do well in this month. We can expect a good breakout in this scrip. Watch out at breakout levels. Likely to shoot up quickly.
Can breakout any time next week. CMP: 38 BO at 44 TGT: 66, 100
15 min chart makes a nice triangle after a long run. Volume inside triangle seems to be dried up and breakout of triangle is possible with good volume support. BUY if the price moves above resistance. Target - ideally length of flagpole but be cautious as flag is too long Stoploss - triangle top
I AGREE tha the stock is fundamentally good but technically i see a slide ..though little not more than 20 % which will be a good opportunity to buy for long term!
SHORT TRADING idea on banknifty below 25980 with stops above 25340 levels. targets of near 25820 and 25550.
BEML had a perfect inverted H&S pattern with volumes confirming. Was a textbook trade, however in reality the breakout was so fast that would have been difficult to catch. Also it may have achieved half of its target with just the breakout candle. However there might be some steam left as shown in charts. Rather avoid it due to R:R unfavourable, but can use this...
It is been observed that the price action is moving up in an uptrending channel along with increasing volume indicating a bullish move ahead. As it is general saying in the market that when a stock prices move up with the sync to volumes then it tends to give a bullish signal. Target: 12 Stoploss: 8 Risk Reward: 1:2