Charts of the week: Every week we scan stocks with highest momentum for the week for trading next one week to six months. In this video I have discussed Hindalco; ICICIBank; and SunPharma stocks that seem to be very strong on charts with strong momentum.
Trading is never ever recommended as it is injurious to mankind. This is purely my study based...
The candles have broken the downtrend on the 15m charts.
The candles are taking support at 20 DEMA which indicates an uptrend.
MACD and DEMA have crossed over to the bullish side.
RSI is above 50.
All indicators are positive.
I have noted this is the bottom of this share made double bottom twice levels mentioned on chart and monthly chart indicates rounding bottom.
Go long on this share with mentioned stop loss levels below! Positional players can hold this share for long term very bullish script