Hello traders! Today’s spotlight is on NSE:BHEL stock, which recently surged but is now flashing a reversal candle pattern. Here’s a quick rundown: Rapid Ascension: BHEL experienced a swift climb, catching the market’s attention. Reversal Indicators: A reversal candle pattern has emerged, suggesting a potential shift in the stock’s trajectory. Chart...
Hello Traders! I’ve got my sights set on Reliance for a short-term trading opportunity. Before you dive in, here’s what you need to know: Analysis: On the daily and four-hour time frames, we’ve got an intriguing pullback opportunity that could lead to some upward movement. Caution: Keep in mind, the overall direction of this stock is bearish, so tread...
GLENMARK has consistently shown resilience and upward momentum every time it's graced the 200 Moving Average support. Once again, we're witnessing this pattern. The stock springs up robustly the moment it touches this pivotal support. Traders, if you haven't yet, consider seizing that retest long entry. However, a word of caution - if it's moved too far away, it...
Nifty 50 has recently showcased a breakout in the hourly timeframe, making a strong move to higher levels. Now, as it retraces, we're observing a potential retest of the breakout zone. This presents multiple long opportunities! What makes this even more enticing? The robust support from the 200 Moving Average. Traders, are you spotting the same patterns? What's...