MARUTI A GOOD BUY?
Maruti broke out of the Head & Shoulders pattern this week (3rd DEC 2020) and landed near the 1st major resistance zone around 7750 level.
If we see a slight correction, i.e a slight pullback near the neckline, or if it comes near the 11 day or 22 day EMA in the 1 day timeframe chart, we can look to buy MARUTI . Refer to the image above...
SWING TRADE OPPORTUNITY IN BPCL
As you can see in the image above that BPCL has broken out of a CUP & HANDLE formation and has come to level which is very favourable level to go long.
A Cup & Handle formation usually comes with its own Targets, which is, the price difference between the neckline of the cup to the lower circumference of the cup. As shown...
HDFC LIFE A GOOD BUY?
HDFC LIFE Insurance had broken out of the the Inverse Head & Shoulders neckline on 17th Nov 2020 . Refer to the image above to see the breakout and re-test of the neckline.
The prices had broken out and have already re-tested the neckline, now is the best chance to enter into the trade and BUY, take advantage of the price action ....
