1)Consolidation of almost 2 years.
2)Strong weekly close with good volumes.
3)Momentum indicators are looking good on weekly basis.
1)Posting good profit results.
3)Almost debt free.
4)Healthy Dividend paying company.
In this self explanatory series i will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Bullish Flag breakout in M&M after six months consolidation on monthly chart & on weekly chart as well.
Auto index also gave breakout and looks bullish on daily chart.
Resistance levels to watch is 822, 850.
DJI's significant "Strong Weekly Closing" confirmed breakdown. Besides this, extreme volatility spurt in VIX too signaling the weakness. Although i am a learner. But this is somewhat remarkable. So sharing this view!
DISHTV has completed a cup and handle base formation on the weekly chart. Breakout candle was formed with volume. Risky traders can start building long position while also looking for a pullback where full position may be created.
Titan is in ascending channel which looks extremely bullish on weekly chart.
Once it breaks this channel downward we can expect a good correction of 15-17% on weekly chart which will bring it to long term support line.
BPCL is clearly seen taking support from its major trend since past 1 year. It is very difficult to break this trend line. Hence it is good opportunity to go long with small SL.
Tips : This is weekly chart , Use weekly chart for trend analysis. Use daily chart to find proper bullish candlestick reversal pattern on this trend line and use 1 hour time frame for...
A Range Breakout on WEEKLY and DAILY Timeframe can be seen in LARSEN & TOUBRO. Would suggest to go Long or make long Position at CMP or also can enter in that zone if it doesn't close below the zone on weekly timeframe. Can be a good positional trade for the target of level 1885 or you can also consider latest dip as a upside target with strict stop-loss of 1511...
NIFTYPSUBANK Index is exhibiting inverted Head and Shoulders pattern on the weekly chart, with the price just about touching the neckline of the pattern. A measured move target would mean price going toward old time support/resistance line of 4000 on the index. We are bullish on the Nifty PSU Bank index with the price target as mentioned.
this time I found a break out with heavy volume of db corp.. now the first possible target is mentioned which is not a strong resistance zone!!!!!!!
it also framed an ascending triangular pattern
and the whole sector once again is in boom. I find it a good opportunity
disclaimer :- this is my personal analysation and it is not any buy sell recommendation
Cup & Handle BO at 52
Corona Top BO & End of 2 yr Consolidation
Upside Potential : 90%
CMP : 53
Buy : 55-46
TGT : 70 - 81 - 98
SL : 42
Trading Above Long Term Weekly Avgs >> Bullish Signal