BANKNIFTY HAS TAKEN A STRONG SUPPORT AT THE FIB 0.618 LEVEL AS SEEN AND MORE UPSIDE BULLISH MOMENTUM TO BE EXPECTED IN THE COMING WEEK
I PERSONALLY AM PLANNING TO GO LONG ON BREAKOUT BUT INCASE OF BREAKDOEN I WILL NOT TRADE.
The current price of the stock being the same as it was in January 2003 and if it breaks the channel pattern, suggests to me that there could be an excellent opportunity for going long (swing). Comment and tell me what you guys think. Lets help each other and share ideas!
A good breakout or breakdown could be expected today or tomorrow
It seems that there is a breakout in M_M Triangle pattern. Just wait for confirmation before taking the trade. A big movement can be expected to the upside if this hourly candle completes bullish and strong!
Another beautiful triangle pattern on VOLTAS Daily Charts. Comment and tell me what you think. Will it RISE or FALL?
We can expect good moves from WIPRO for positional trades once it gives a confirmed breakout. Keep an eye and do not miss this opportunity if you agree with my analysis.
If the price breaks either support or resistance lines, a big move can be expected in the same direction especially if there is some help from NIFTY. Keep a look out!
THE RESISTANCE LEVEL IS BROKEN AND A GOOD LONG MOVEMENT CAN BE EXPECTED