Stock has shown bullish momentum in last few sessions and has formed Bullish Flag on Weekly Time frame.
Can enter with half quantity when Daily candle closes above 78% and remaining 50% on Upper TL breach
Stock has been squeezing in a range and seems ready to give a break out on either side.
Volumes have also dried up and can pick on break out.
Keep in radar for next week if doesn't trigger tomorrow.
P.S. Wait for candle close on breaching the TLs
After constantly making HLs stock is ready to make a HH.
Last weekly candle looks bullish and stock is ready for good upside movement.
Stock has risen from golden Fibo level of 61.8 and Thursday volume is higher than the average daily voume after a long time.
Intraday - Above 2300 for targtes of 2340, 2370 and 2410
SWing Above Day end close of 2300 for 2600,...
Stock is constantly making LHs since June and has given HnS BD on DTF
Volumes have been constantly below Daily avg. volumes from last 2 weeks
Safe to short below 140
Intraday target - 136
Swing targets - 130, 124, 118
P.S. Wait for candle close
Stock has a tendency to form rounding bottom and give BO after consolidating for couple of weeks.
Once can see drying of volumes during consolidation phase
Risen from the golden Fibo level of 61.8% in May
Today stock has given ATH closing
Stock seems set to make another high in coming sessions, targetting 8-9% move
Stock has been able to break previous ATH on 2nd attempt.
Stock needs to break upper TL for more upside
It can come to test BO zone before moving up - will be good for swing in that case.
Good above 6430 only.
Stock has broken previous swing high (acting as resistance) and also the rising wedge formation with high volumes.
Looks good to break ATH of 327 in coming sessions
SWING - Target 340, 350 SL 299
Intraday - 327 above 321
P.S. Can accumulate at lower levels as well if stock comes down to 305 levels for pullback before again moving up
Stock has closed above minor resistance on Friday forming a bullish engulfing candle on daily supported by good volumes
Formation of rounding bottom can be seen on Weekly TF
Looks set to achieve 660 on Monday.
Natural gas is at crucial levels.
Rising wedge formation can be seen on weekly TF.
2 Doji weekly candles can be seen at resistance levels, if breaks 284 on daily candle close then can expect more upside, else looks probable to come down to 250 levels
P.S. Wait for Daily candle close breaching 260(downside) or 284(upside)