Price breaks trendline and retests previous resistance and gives a breakout
High Volumes in recent up move shows decent accumulation
RSI greater than 60
RS almost about to cross to positive
Can be bought with 2245.60 SL
Chart looks way beautiful on weekly timeframe. Nearly 2 and half years of consolidation, we had multiple rejections at current levels. Expecting a strong trend change above this resistance line.
Definately a trade at current levels, other at breakout & third at pullback - This is plan of action.
#Nifty #TradingView #StockMarket #trading #StockMarketNews...
Stock has closed with good volumes and good momentum and managed to close above Fibonacci No which is 61.8 one can look to buy abv 2405 sl 2220 tgt 2550.
Disclaimer: I am not SEBI registered Analyst Kindly consult your financial Advisor before taking any trading decisions.
Happy learning with trading. I just shared my view. If correct give me one like. If not correct me.
Points to Note:
1) bounce from resistance area and possible to reach immediate support.
Disclaimer:
I am not a Registered Analyst with SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be...
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
NSE: DEEPAKNTR is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed...
Hello & welcome to this analysis
Stock has seen a correction after being an outperformer over the last few years.
Currently at two bullish harmonic patterns - Reciprocal ABCD and Gartley.
As long as it sustains above 2000 it retrace back to 2200 - 2350 and more.
Happy Investing
A short SL based trade on Deepak nitrite is being seen. SL and Target is marked on the chart. Please do your own research before trading or invested. I am not a SEBI Reg. Analyst.
