Cumminsind 4hr chart clearly indicating of upside move, it has broken Bollinger Band and gave close above the previous resistance, RS Positive as well as there is gap in 3 period EMA & 9 Period RSI. until this gap do not fill upside move is pending.
If at Monday (29th May 2023) hold their low for 1hr it will move further.
Today 08th May at 2hr time frame Bajaj Finv has broken Bollinger Band, RS (Relative strength) is also positive, Today stock moved from 20 SMA after taken support it means 20 SMA is Immediate support, tomorrow i.e. 09th May stocks sustain 1400 level for 1hr then we can see stock to next resistance level 1435, if BB breakout fails then again will try to come at 20 SMA.
This Stocks is showing Following criteria for being in watchlist.
1. Higher Trade and Delivery Qty
2. Making Higher High from last 3 days
3. Relative strength is improving. once it closing and sustain above 0 it will be rocket.
Nifty at 15 minute chart, 2nd May 2023 low is important level, if it breaks then further short move down side we can see, there is gap also and watch gap. At gap market can retest.
Bank Nifty trading near its all time High, i.e. approx 2% below from all time high, RS is indicating Positive sign, & Hilega & Milega also indicating positive sign. But there is two resistance one is BB upper level & second one is All time High (41152), if Nifty break and hold that level (means two close above breakout level) then we can see further move.
