Increase in volume after consolidation for 6 weeks. Further movement is expected with slow phase. RSI is over mid range, expecting it to move higher into buying zone in coming week. Looking for long here.
This stock never fails me. I took a trade earlier but new 52 week high came as a surprise and even now there is clear bullishness seen. Look at the three red candles volumes, investors are still interested in the stock. Stock has already moving new higher this gives us positive hope. Still 2 more days to close this week candle but the volume is greater than last 3...
The parallel trend channels typically mark the upper and lower boundaries of impulse waves, often with dramatic precision. Wave 1 and wave 3 are in sync with Elliott's rule which means formation of wave 5 is clear here. Wave 5 with uptrend and clear increase in its volume shows possible penetration into uptrend.
Possible up move will see around 78,in failure case...
Breaks out from 6 week consolidation. Has good volume at beginning of the week itself, records all time high. Short, medium and long term moving average crossover. Formation of bullish engulfing on previous week candle. If this week close is higher than parallel channel then stock has potential to record even higher in coming months.
Company has given statement...
Stock continues its rally after making the decent pullback. Currently, stock is in it's 52wk high.
There is another resistance to test which is placed around 300, above this level stock has potential to move further. MFs increased their stake in Wipro last Quarter which is added advantages.
Disclaimer: This is purely Educational Content
ADANI Groups, one of the finest growing family group in all the sector recent days.
AFTER FORMING STRONG BULLISH ENGULFING, STOCK HAD MOVED OVER 5% TODAY. THE MOVE HAD GIVEN BREAKOUT FROM ONE WEEK RESISTANCE WITH HIGH VOLUME. ONE WEEK AVERAGE VOLUME IS GREATER THAN PREVIOUS MONTH VOLUME. 50 DAY MOVING AVERAGE IS ABOVE 200 DAY MOVING AVERAGE.
THIS IS LEARNING...
Higher Volume despite moving in side range and good price action move tells you lot about the bullish move here. Stock had recently touched its 52wk high, now this faces stiff resistance around the high price range. Keep eye when breakout happens.
What makes TATA Motors so excitement these days? Will tata motors make move from here or will it follow the same pattern?
Excepting it to make a move here, as volume is getting increasing with bullishness clearly seen. RSI is clearly away from its lower zone.
Price is near its 52wk high, facing stiff resistance. Price may consolidate here for sometime before moving higher. Volume is good compared to the past few days. Stock had moved 10 points from its previous breakout, still stock has potential to move further if it sustains support zone and break its 52wk high. EMA crossover for the shorter period is another good...
Expecting some bullish move here. Volume is increasing relatively, had higher volume breakout which confirms the trend continuation. RSI coming in bullish range. Moving average golden cross adds some more confirmation of further bullish trend
One of fav stock for most of us. The stock with strong financial background and now good technical also. Ascending triangle with formation of continuous higher highs and higher lows. Strong bet for long term.
Strong move from BALAMINES yesterday, breakout with huge volume spike. Expecting strong move from hereon. RSI seems promising around buying range. Golden moving average crossover. Possible 1st target will be around 585-600.