Z-CASH
Breakout with heavy Volume Should trigger to next big move A long consolidation with triangle pattern is seen in sbin trend line daily chart shows a breakdown , MACD is on bearish crossover , RSI Flat and above 40 ,
long if breakout happen over trend line with heavy volume . average volume seen increase in recent days in consolidation phase . long above 196-197 on closing basis for short period gains 1 week . long above 204 close base for 30 days or more for gains . accumulating opportunities if you are a long term investor. short if breakdowns below 186-185 .
long targets 208-210 236-240
short targets 175-166
PERSISTENT - WEEKLY BREAKOUT It is been observed on the weekly chart that the price action breaking out from a downward trendline indicating bullish move ahead. It shall further resumes the trend and shall further move up to the previous resistance levels. This setup can also be called as positional trade setup where you hold trades for weeks and months.
Target 1: 700
Target 2: 760
Stoploss: 590
HDFC Bank - Long term investment BUYTo invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)