wicks

chartistamey

Hatsun agro has given good volume bounce today from trendline. Above 1200, we can see this stock flying. However, this stock forms long wicks hence it is safe to wait for weekly closing above 1200 for a safe investments. Keep in radar. Agro stocks normally give big moves before monsoon arrives.

Harshil_g Updated 

Long wicks Signs of rejection at lower levels Looking good Double bottom breakout might be possible Buy above 11560 if sustained more than 1hr TF Target 1 - 11650 Target 2 - 11750 Stop Loss - 11450 on Closing Basis

bpamwani

Seems like making a new trend line with rejections. If it closes above the hurdle, might give a good move with good R:R!

bpamwani

Channel exit resulted into rejections with volumes. Might go back to lower end of channel. Good short position can be created!!

Jeevan_Shetty

One can see how the wicks are being formed around these zones