Stock is poised for a upmove Stop Loss 140s levels Target >178s levels Stock is reversing from Fib .618 levels an important zone with a hammer candle confirmation followed by Doji and gave a strong closing
This Chart Structure is paradise for Traders Triangle Breakout Anchored Vwap Support 21 Day EMA Support RSI & RS trending up Its clear buy with SL 280 Levels Target 340s levels
Volatility compression visible Rounding bottom formation volumes spiking up RSI is trending up Relative Strength upward sloping Bank nifty breaking out looks like lot of positive confluence
Either buy on Breakout or when it retraces
Weekly Breakout Target 1: 1052 Target 2: 1190 SL 850s levels Big Breakout Good Volumes RSI trending up RS turning positive
Wait for 1 Green Candle Buy above the High of that candle if it breaches 258s levels SL 258 Target 1: 304 Target 2: 328 Volume is huge in the upside whereas its very low during the fall Its a shake off from big players
Either Buy now or wait for retracement levels at 82/85s levels then the risk reward will look more attractive SL 70s Target 120s Strong set up Keep it in radar
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Bullish Bias visible in Tata Chemicals
Volumes are getting dry when price is retracing Traded Qty 2.7x Delivered Qty 2x Futures OI addition +5.8% Brent Crude beneficiary SL 100 Target 145
How to find targets in any stock ? We all know that every stock is unique and it moves in certain style/direction/traits Targets are found via Support Resistance in any stock which has a historical data For e.g. what will happen if price is at ATH and no resistance for its target SKY is the Limit refer Adani Ent Chart An deep understanding of Support & Resistance
Buy at CMP or if it retraces Bullish Stock for quick gains SL 117 levels
Lets drill down to weekly time frame Price gave a pullback and trying to move in a channel EMAs acting as support 200Day EMA may act as a resistance for time being we need a weekly close above 95.35 or 96 so that the stock can move up freely levels are marked in the chart for positional targets RSI divergence on Weekly time can be observed along with the same...
Buy at CMP or Levels retesting Breakout