On short time frame of 30 minutes, Pidilite is in up trend and is now heading towards its previous high. It is not a buy or sell call, just for analysis and learning purposes.
The charts we are looking at are 1 hour and 30 mins respectively. In both the charts inverse H&S pattern is evident, and head is taking support at pivot also. This shows sign of reversal. So once, the breakout is there, and price moves above 210, it should go up to previous high or at least till 230. Short term trade idea. The above study is just for learning...
Metropolis Health care is getting ready for the move. The price of Metropolis Health Care has started trading above 200 SMA on weekly chart and also above relevant support level. The price is trading in narrow zone. The price should rise and go up to previous high of 3500. The RSI is also showing sign of strength on relevant chart. On daily chart the relevant...