Even though, the current movement has been slow and volume traded has been low , apparently the graph has formed a bullish flag pattern which portrays a potential bullish movement.
Recently there also has been a movement to announce Intec Capital ltd stock as a stable stock, this enforces its potential for bullish movement.
Perfect for mid term and long term...
After forming a double bottom pattern and testing the strong resistance region and now the market has successfully broken it . The market now moves for the 4th long leg of the W Pattern . The provides an opportunity open long trades for a medium term of time.
{DYOR}
More Intraday stock signals for NSE and BSE segments upcoming daily. Follow 4 more
Bearish Flag Pattern On BPCL
As u can notice the bearish flag pattern formed on here and the market has now started moving bearishly after the breakout of Flag , this warns us to stay away from any long positions as of now. This also provides an opportunity for intraday shorting .
There is also an Indication of formation of W pattern whose 3rd leg is forming as...
High Scope for Intraday shorting in Zomato . Take profit as marked to the nearest support.
{(Condition for confirmation :- If the current resistance level holds and doesn't break)}
{DYOR}
More Intraday stock signals for NSE and BSE segments upcoming daily. Follow 4 more.
High Scope for Intraday shorting in Hindustan Unilever. Till the next marked support.
More Intraday stock signals for NSE and BSE segments upcoming daily.
As you can see, so far the BTC has been following and respecting the drawn lines and if the existing trend prevails then a consolidation period with a significant amount of dips could be seen. This may pull BTC to the lower areas of the chart with valuing around or above $555XX (just a anticipated value based on guess)
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