Hello People! HUL has been taking consistent supports from the bottom trendline since 2018. Thus there is a high probability it would act the same way here as well. But I jumped in a bit earlier and I have solid reasons for that. The first being that HUL has shown a massive bullish candle right at support. So chances of a trend reversal seem high. The second...
NSE:BRITANNIA Hello all! Britannia has been forming a pole and flag pattern. It has been consolidating inside the flag since July 2020. Right now the stock has formed a strong bullish candle grazing the upper trendline. Also, the stock is taking support from its 50 week EMA. Both these factors indicate the possibility of a breakout which opens up an...
NSE:AMARAJABAT Hello People!! Amara Raja batteries has been on my watchlist since the start of 2021. It gave a beautiful breakout in October 2020 and I was waiting for a retest. Finally, it is happening now. We can also see that along with a retest of the trendline, it is also consolidating in a flag and pole pattern for quite some time now. The stock is...
NSE:RELIANCE Hello People!! I am keeping an eye on Reliance for quite some time now. If you see carefully, Reliance is forming a Flag and Pole pattern and it has been almost an entire year now that it is stuck in the flag. I'm betting big on the breakout. Quite a safe bet I suppose because SL will be too minimal and Targets would be massive. I believe this is...
NSE:HDFCLIFE Hello People! HDFC life as you can see is stuck in a channel. I see a really good opportunity here as there is a high probability for a swing reversal. I have three major reasons for entering this trade. First is purely the price action i.e the stock being at the bottom of the channel and might be taking a swing up from here. Second is the...