Kind of double top formation is there ,bearish move is expected ahead for short term
It recently made a flag pattern there so keep a close eye on it it might give a big breakout
1) short term trend line breakdown 2) it is sideways in medium term 3) short term trend is negative Respected the trend line we ploted even when the nifty is making all time high shows that it is not participating in the overall market rally
Rpower is at resistance so it can consolidate here so book full quantity and close the trade
after breakout of crucial resistance it is rising sharp be caucious at upper levels
Very crucial trend line for short term my view is bearish on this setup
1)Major resistance 2) Major consolidation seems to be broken soon 3) On top of all see the volume
Major consolidation Breakout Major resistance of 250 break out with good volume
major resistance zone breakout, Neck line breakout cup and handle pattern Flag pattern
keep eye on this zones if you are a short time trader
1) trend is strong bullish 2) major resistance breakout 3)Breakout with heavy volume 4) Cup and handle pattern
The stock gave a very good breakout of neck line, holding it from 5 tfor the target of 12
flag pattern breakout, trend is stong bullish
eicher motor is at a make or break situation last time on weekly chart my team predicted exact support zone from where exact reversal happen ,but now team is not sure about its direction. Please leave your view in comment
Last time after shooting star formation stock corrected ,now at this point of time also the shooting star formed on the same level ... Low probable setup but high reward can be expected
1)Resistance formed is very crucial 2) All tim high 3) Stock is in a strong up trend 4) See the consolidating candles on daily time frame indicating strong bullishness in short term also
keep eye on this stock ,resistance formed there is very crucial