Breakout in Making. Still 1 more trading day to go. Should it Close like this then Expect Buyers to stay in control till Zone 124_129
Strong Weekly Close Above Resistance Zone would mean a Change in Trend. However That doesn't mean Trend has changed. We need to See Lower Low and Higher post Change in Trend. This will signify Uptrend has Started.
Risk Reward in...
Advanced Enzymes has given weekly Buy Breakout. Fundamentals of the Stock is looking good. Pledged Shares by Promoters have come down. FII's and MF have increased the investments.
Short Term Target 230
Medium Term Target 279
Long Term Targets 414/Life time High
1) Lupin on Monthly TF given Outside Close and this happens at Support so it is valid
2) Weekly TF strong close above KS suggests structure change to Bullish
3) Daily TF is already Bullish, Look take buy Positions at 2 Demand Zones 810.5_804.75 , 792.6_788
Can go Blind long OR Look for CP at the Zones for increased confluence. Strict SL would be below CP,...
BHEL Daily Bullish Structure Breakout and on monthly Outside Candle Breakout. Expecting Immediate Target till KS at 88.9
Strong close above KS would also mean structural change to bullish from bearish on Monthly TF. In that would be good Investment pick for Huge Upside. Buy CMP and Accumulate on Dips with CBSL 56