Volume
LONG setup in BSE Bullish On-Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:BSE
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck
Technical Indicator :- Positive MACD Crossover
$CAPLIPOINT - Weekly Chart AnalysisAfter breaking out of the all time highs of 734-735 levels it made a new high of 1030 odd levels but did not sustained and the previous breakout levels. You can see the volumes went super dry during this down trend. Stock took dynamic support of 200 Week ema and than bounced back. And now recently it have broke out again of the 690-734 levels and is now sustaining above these for a few weeks. Today it also closed above the last swing weekly close of 820 levels.
Keep a watch on it and we need at least 2 close with volume support.
Disclaimer: This idea is shared for education and analysis purpose. I have my own trading setup and style. I do not recommend a buy. If you want to trade than please do your own due diligence and trade at your risk.
Union Bank Cmp 99.60 H&S Pattern 5 years BOUnion Bank Cmp 99.60 dated 20-9-2023
Weekly Chart (Positional Call)
1. Inverted Head & Shoulder Pattern.
2. Rounding Pattern
3. 5 years of consolidation BO @ 100
4. Price Rise with Volumes
Buy above 100 target 115-130-140-150-160-175
SL 85
It is just a view, please trade at your own risk.
BHEL long position to buyReason for taking this trade:
1. BHEL is making Higher High
2. RSI is coming back from Overbought and taking support at 50 level.
3. With Buy around 122 and a target of 150
4. With Stop loss of 117 or we can wait till 112.
5. Volume: For this correction volume is less compared to the move.
Note: Only for Education Purpose.
SPX 500 analysis simiar to NASDAQ, it too needs ti sustain above 20 september highs to turn Bullish from curent bearish trend !
If one Observe carefully, they will find that despite the counter breaching 20 and 50 EMA levels, in last 3-4 cases, despite there was no NEGATIVE crossover like its seen recently
thats worrisome
Max Ventures Previous high was broken with a great volumes. Long position
Note: Educational purpose only
HDFC bank fake or real breakdown HDFC Bank has given triangle pattern breakdown.
Volume has not given the confirmation, current week volume is less than previous week.
Expecting breakdown retest and their after validation of the breakdown.
Bank Nifty has retraced its 50% retracement level after up move in last couple of weeks.