after a cup and handle lupin chart forming pole and flag pattern so we can enter in trade with time line and small stop loss.
risk reward data are given in chart.
in last 4days banknifty gave break out of trand line and rettested this trandline and 21 may banknifty started uptrend and in support MACD indicator also given buying signal and almost cross nutralline so we can get fresh position on banknifty and banknifty stocks. few days ago i posted SBI and HDFCBANK data both are bullish now with good breakout.
HDFC BANK CHART TOUCH ITS MAJOR TRENDLINE AFTER COVID AND NOE IT IS TRYYING TO BREAK THIS TRENDLINE SO PLEASE WATCH ON IT. AND TAKE A RIGHT DECISION ACCORDING TO YOUR POSSITION. FROM HERE IT CAN BE BULLISH TOO SO WAIT FOR FEW DAYS AND TRY TO IDENTIFY TREND SIDE.
IN CHART LAST WEEK CANDLE FORMS AS BEARISH-PINBAR AND RSI SHOWS WEAKNESS SO WE CAN SEE AND SMALL CORRECTION OR FALL IN THIS STOCK. WAIT FOR NEXT WEEK AND PRICE MOVEMENT.
chart forms pole and flage pattern and break it upside and retested and then shows good price action upside. bullish on this FT-100 ST-119.50 and other data are given it chart.
HINDALCHO IS FORMING RISING WEDGE PATTERN IN DAILY TIMEFRAME. WE NEED TO KEEP EYE ON THIS FOR A GOOD MOVE,POSSIBLITY OF DOWNSIDE 70% AND UPSIDE 30% SO WE CAN GET GOOD RETURN IF BREAKS DOWN.JUST WAIT AND FOR BREAKOUT.
