AMRUTANJAN trade ideas
Amrutanjan Rectangle formation on and break down to fill the gapAmrutanjan Rectangle formation on Daily timeframe within 1 candle and break down to fill the gap on 75min chart. Once it re-enter 365 and stay there we can see a move ahead.
Viewer's Query : Amrutanjan @ 339 || 29-May-20 || 01-HRAmrutanjan @ 339 || 29-May-20 || 01-HR
- Is it preparing for an upward level ?
- Let see the price action - BUY once it crosses 347
- Only caution is MACD - so watchout how MACDline functions till the time breakout comes.
WATCHLIST
#NSE #Nifty #Nifty50 #Sensex #NiftyBank
AMRUTANHAN LOOKS TO BE A GOOD BUY RANGE KEEP EYE NSE:AMRUTANJAN Looks over sold and near a support zone where a good buy range move expected, wait for for a small turn back candle and get in,,
Note : understand the price action , trend is always unpretending.
Remeber #gowithflow
Amrutanjan Healthcare: Awaiting BreakoutLooks like a nice Wyckoff Re-Accumulation. Notice the steady drop in volume as the range progressed. This is a typical sign of accumulation. Sellers dry up as buyers lap up available supply. Notice the spike in volume in the current bar. Indicates buyers are getting aggressive.
A breakout past the top of the range at 540-ish would be a sign of strength and would push the stock in a mark-up phase.
