SL: 628 around. Spread holdings.
Rounding bottom + Possible inv H&S pattern. Short below TL breakdown and for long we can expect gap filling. Long abv 598 and short below 577 around
Massive monthly volumes are accompanying the move. Excellent for positional trade.
As the path states banknifty has been making continuous lower highs stating the downtrend. Also, made the recent triple bottom on the 6 months TL. For any possible reversal if to happen on swing basis, 32330 around is a crucial point. In 1hr TF, RSI bullish reversal divergence can also be seen as the triple bottoms are made but it can be deceptive too, alone on...
After oblique TL BO, consolidated a lot and now ready to move forward with a new high. Volumes are rising in such punishing markets. Watch closely and take action. Good for positional as well as swing.
Wait for right time and hunt.
Simple and could be the most effective one.
Just look at the volumes since its IPO. Tremendous participation can easily be seen. And look at the bullishness of the last monthly candle (though candle not completed but still even a 10% of a fall wouldn't lower down its bullishness). Long term people, notice it. I can say with extremely high conviction, it will break that above TL.
Only pharma, lifescience and healthcare related scrips🙏🏻
Only pharma and related scrips🙏🏻Good for intraday. For swing, can only be said after closing and sustaining.
Since pharma, lifesciences and hospitals are the only one that are rising. It is very probable that this will break too. Look closely and wait. The volumes are rocket high which are never recorded in this scrip so far.
A very long term pattern preferably for positional trade and long term swing trade. Keep your SL below 66 (recent swing low). Also, see in daily TF, it gave the wedge breakout with heavy volume after consolidating on the trendline. This shows upside momentum is intact. Targets are mentioned.
A perfect positional and long term swing trade on cards. Make sure it closes good abv 640.
Simple clear TL BO. check for huge volume spikes in lower TFs as daily is yet to be covered.
Look at the super bullish weekly candle. A good candidate for positional trade.
Target all-time high double top: 363. Risk: Reward is 1 : 2.7