1)resistance zone is very crucial , 2)formed on all time high 3) if this level breached than we can expect a big sharp up move for a short term
1) Trend is strong bullish 2) earlier we have sawn a cup and handle pattern worked well 3) resistance is crucial as tested 5 times After a confirmed breakout we can witness a sharp up move again
1) there are many rounds on chart cannot say it a HnS or Cup handle pattern but considerable 2) Resistance zone is very crucial for the stock for short term as well as long term 3) if you see the trend line indicating that the medium term trend of the stock is slightly bullish
note 1) The support is very crucial 2) Recently IPO news came which looks very positive for the stock 3) last week closing made a hamme pattern , and hammer pattern at crucial support is a very good sign 4) On daily chart it is showing a triangle pattern My view is bullish
1) Trend line breakdown and retesting 2) Decent shooting star formation 3) looks a good risk to reward for a short trade
see past idea everything is there
Resistance zone is there. Very crucial I am hoping for a breakout
see below idea rationale is mentioned there
Logic 1) H&S pattern formation 2) Major trend is sideways, (if we see for a long term trend ) 3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation. 4) 200 moving average is acting as support ,closing below it will intiate a fresh selling. I am not recomending anything it is just an observations
Logic 1) Big time frame Triangle pattern retesting 2) Trend line retesting 3) Hammer formation
1) Price is above Trend line 2) Resistance zone formed is very crucial 3) Last breakouts were not failed Now here is the point I observed that after breakout price retest the breakout resistance so be patient do not feel FOMO if it sky rocket from here try to enter when stock making a retracement
In one line Belief is the key ,He who can beleave ,he can achieve. life always pays off to the doer so when opportunity came in the way you should take action according to
1) Trend Line Break down 2) Not yet Participated in the nifty up move and doller Up Move Note The problem with this short trade is that the first expected target is less. What is your view please comment and also see the related last post on TCS. A long time ago.
Looks good at this levels . and a flag formation in small time frame
Observation: In this entire month This story was repeating again and again. First you see a sharp sell off Day than a retrecement for 3 day and exactly on third day a DOZI formed and again sell off continue.
NSE:HDFCLIFE It is been observed many times that indications on charts are cunfusing as in this chart trend line breached so trend is negative but price is stil above crucial resistance (now it is support). What should one do if he has to take a decision. 1) Take this buy trade 2) Avoid this trade 3) Play the trade in reverse What.??
Kind of rounding bottom can be seen , this support zone breakout is very crucial for the stock as after breakout it will be bearish for medium term.