-> Definition of Inside Candle As the name suggests, an inside bar chart pattern engulfs the inside of a large candle, some call it a mother bar. It’s a pattern that forms after a large move in the market and represents a period of consolidation. The inside bar pattern can be a very powerful price action signal if you understand how to trade it...
As the title states , SHAREINDIA has steadily shown a breakout of cup and handle pattern with accumulating volume without facing much resistance at its neckline. RSI is also showing a uptrend with higher highs again a positive signal. MACD is also maintaining its strength.
IIFL has given dual breakout from Double bottom and Double top pattern above 360. IIFL has finally given breakout above 360, after two attempts i.e. Double top breakout with buzzing volume. IIFL has also formed Double bottom pattern whose breakout also came above 360 which is a strong bullish sign. Both RSI and MACD is showing strength, RSI breached above...
ITC the 'rising giant' is showing its heroic move with very much similarity as the 'Puspha' character, who was misunderstood in the movie as inefficient man and same here 'ITC' was assumed as slow mover but now it has changed everyone mindset with a strong move. ITC has formed rising three method pattern in daily charts after a breakout which is a positive...
Vidhi a trending stock which was was under consolidation in recent times has given a breakout from inverted head and shoulder pattern with strong volumes. Both RSI and MACD is showing strength.
EIHOTEL has finally given the range breakout with a level breakout above 145 with rising volume supporting the breakout. RSI breaching above 60 again a positive indication. By giving this breakout it has unlocked the level of 158 and 177. A huge upside available. #Enjoy_trading
India Glycol has given breakout of double bottom pattern, this week with a life high, this breakout have unlocked huge targets for itself. MACD has also shown a positive crossover. RSI is supporting the up move which further provides confidence.
Yes, Solar industries is really a strong stocks which is out performing the markets. It is showing a range breakout with positive MACD crossover and rising RSI which is a positive signal.
HAL had given a breakout from a inverted head and shoulder pattern which is extremely bullish pattern. Also, positive MACD crossover is visible and RSI breaching above 60 again a positive sign. Volume is also supporting the up move. Pattern target of 1650 could be seen.
Finally Deltacorp has given breakout above 315 with strong volume concluding it a breakout. RSI is also rising above 60 a bullish sign. Positional target of 373 could soon be visible. # Enjoy_trading
Nifty which was facing resistance around 200DMA has significantly crossed above it with huge gap and the next level resistance level cold be 17385 i.e.100DMA so, we will wait till nifty sustain above 17385 to go long above which 17520 could be seen. RSI has also given breakout above 55.9 and supporting the up move. View bullish on nifty. #Enjoy_trading
As, the title says entry available in trending stock GREENPANEL, yes as the chart shows whenever it takes support on 20 weekly moving average it makes new high after which it shows it's rocket move. And, now is that time to enter for rocket move also MACD histogram has turn positive which indicates the up move pending in near future.
Brigade is giving consolidation breakout of more than 4 months above 505 on weekly basis, after a strong uptrend and now it seems that it can resume its uptrend again. RSI is also showing strength and breaching above a bullish signal. Though, MACD is not showing signal but it's likely to show positive histogram in next week, but if you are conservative trader you...
Symphony had given a much awaiting breakout above 1090 which it has tested earlier two times but faced resistance but now with rising volume it has significantly crossed the level. Also double bottom is visible which is a reversal pattern and now its a conformation of that. Both RSI and MACD are showing positive signs and supporting the up move. In short term...
Britannia had given a breakout of cup and handle above 3250, and can soon see levels of 3300. Also, other fmcg counters like dabur, marico are also giving breakout. #FMCG_inFocus
Marico is giving breakout above 520 a crucial level also the highest call oi strike, showing strength with rising volume. Both RSI and MACD supporting the up move.
After a strong downfall banknifty is forming island reversal pattern, 35630 is a crucial level where the real strength of banknifty will be tested. Both, RSI and MACD is supporting the up move. Long banknifty above 35640 for target of 35780 and 37150 with sl at 35550. #Enjoy_Trading
Though nifty had given breakout above the falling trendline but it, seems that still its facing resistance around 200DMA i.e. 16980 also my premonition says that nifty could take support around 20DMA i.e. 16720 yesterday while we were witnessing a intraday fall nifty took support and not closed below 5DMA showing strength. MACD has also turned positive again a...