This is weekly chart of Crompton here we can see its taking a regular support from a trendline from March 2020.
It has broken out of demand zone and again retesting it with confluence.
We can enter somewhere around the area of confluence with Stop Loss somewhere below Demand Zone.
Mahindra and Mahindra yesterday broke out of descending triangle pattern. Today it has taken a pullback and is ready for a possible bull move.
Traders can target Resistance 1 and Resistance 2 and keep stop loss to 55 DEMA.
This is my short term position in NATIONALUM
Why I took the position?
The fundaments of this company are strong due to that it has moved nicely in few months. When I took the trade it was consolidating and forming Descending Triangle Chart Pattern. I was pretty confirm that after consolidation and breakout this can give a pretty solid up move.
When did I...
Here we can see that due to demand of the stock it has broken the resistance level with volume conformation and it has taken a pullback now its ready to give an up move. It has broken resistance on daily timeframe so it should last for a while.