Beaten down stocks are good buy during market high as risk reward is favourable
on day chart...trend line support...uptrend move...levels mentioned on chart..R:R Good only for educational purpose
Hello Traders, My favourite trades are the ones where price is supported by large volume candles. And NIAM is again exhibiting the same characteristics on its graph. Has been moving up constantly after the infamous covid market crash. My trade is as follows:- Entry price: 442 SL: 428 (Daily stop loss) Target: 465
Nippon life looks bullish chart is showing it will soon touch the target 442
Upon the breakout of the trendline, we can go long. The last 45 mins saw large volume buying indicating a breakout.
This stock is near its resistance and also taking support on big trend line. Fundamentally it is ok type. Not so bad not so good. This post is for educational purpose only.
STRONG CONSOLIDATION FROM SEVERAL MONTHS, TAKE POSITION AFTER BREAKOUT WITH STRONG VOLUMES.
after the double bottom failed patterns . the the stock will come to form trippel bottom for the while short the stock.
2 strong buying candles have emerged with volume which is supported by crossover of 125 EMA on 15 min chart. Mid line of schiff pitch fork is now acting as resistance. Once it takes out center line on 15 min closing basis then expect upmove to continue. Can buy with SL below 235