Vertical price move from 05.12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
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
D link which is currently near a fibo support suspected showing stopping volumes. Conservative longs Buy above 92 SL 70 Tgt 106/124/ and more Aggressive longs Near 80 ( on reversal signs in min 1 hr clbs) SL 70 Tgt 106/124/ and more
Arvind Mill is hitting Resistance Line with volume and forming Doji pattern bearish for near term