DAILY CHART ANALYSIS
Short Term Quick Profit
SL : 2190
Timeframe < 60 Days
Can hold for longer time
BULLISH WEDGE BREAKOUT
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Higher Highs & Higher Lows.
The price seems to be rebounding from the weekly support zone but the bearish market structure is still intact. Long positions should be opened only after the change in market structure i.e. after the breach of the previous high. The falling wedge pattern provides one more narrative for the Bullish reversal. The RSi is also curving up, which indicates a potential...
It has taken support at the demand zone. It is likely to take price reversal from here. RSI has also moved up from the oversold zone. Good Delivery Volume indicating the same. We can expect price retracement up to 2340 from its bottom. Considering the failure of reversal can drop price till 1900 up to 1650.
Whirlpool of India - Daily
Solid base/consolidation along with 200 EMA
Break out from last years highs with heavy volumes. Trading at ATH
now again consolidating at the new support and previous resistance.
Good time to buy looking at the domestic consumption and also the parent company looking at making India as the Hub for Global production.
75% with parent...