If it breaks below 14,400 and sustains then 200 SMA test will be on cards in coming days
If Friday's low hold then stock can see good upmove in days to come
The Stock took support @55 SMA and has bounced strongly from there and is now attempting a breakout from a Flag Continuation pattern. If 55SMA holds, then we can see good upmove
Stock is breaking out of 4 months consolidation
Enjoy Voltas cooling if it sustains above 990.
If it does, massive re-rating is on cards
Level 1: 33,200...if that is crossed then a move to 34,200 is possible Level 2: 34,200 is the biggest resistance and trend changes to bullish only above that Level 3: 32,400...any breakdown below that which is sustained will bring a sharp fall
If it now holds the lows of 1980 then it can be a good long idea. Momentum to pick up once it crosses 2040.
Apollo Hospital is on the verge of a flag breakout....if it sustains then decent rally will be on cards...goes well with defensive theme around rising COVID cases
Watchout for a big move in April
After a big rally, Hindalco is showing signs of 1st sustainable breakdown below 21EMA...as long as it stays below 21 EMA a test of 55SMA and breakout retest is on cards
Long trades can be attempted if Friday's low hold
Every one if talking about budget day gap being filled...No one is talking about the breakdown in strong uptrend which started with announcement of MSCI Buying...markets are oversold so some buying/ short covering has emerged...I will not consider it a false breakdown unless Nifty goes back past 21 EMA which is at 14,850 levels right now
Let the breakdown happen and then watch the price action
After the initial breakdown, stock consolidated for a while and faced resistance @55 SMA multiple times...now it is breaking down from a flag continuation pattern. Test of 200 SMA will be on cards in next couple of weeks
Coforge has given a breakout from a double bottom pattern with supporting volumes.
Trendline Support and 55 SMA Support....if these supports hold then we can expect a big upmove in the days to come
Watch-out if breakout sustains