- A good volume breakout can be seen two days ago taking resistance at 100 days EMA.
- Today the stock has retested the trendline.
- Looking at the correction MRF has gone through, a good up-move be imminent.
- Can be bought above 100 days EMA or the breakout green candle.
- 90.2k can be a near term target.
- Educational Purpose only. Trade at your risk....
Pattern marked on the chart.
With crude into the picture, looks bearish.
One can wait for tomorrow for a trend signal.
Educational Purpose only. Please trade at your own risk.
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All the relevant ideas are mentioned on the chart.
Recent bounce on both Fibb Retracement and Fibb Channel supports the idea of an up move.
- Volumes are steadily increasing
- The Ongoing Maritime summit is supporting the industry.
- The third Scorpene Submarine by MAZDOCK is to be stationed on March 10th.
- India is of the vision to develop its Inland...
Aptech had given a strong weekly breakout and has risen since then. This week, it has formed a strong bearish Engulfing pattern with decent volume and is on the edge of breaking a trendline.
Also, The RSI is into highly overbought zone ! the way it has been consolidating at 151 can mean it will either break this level or show a good up-move. More bias being to...
The script had a pretty bullish rally prior to the consolidation phase.
Recently the candles have prepared an inverted head and shoulders pattern. If the Trigger neckline is broken, Can show a good uptrend.
The script is almost at its 52 Week high. A break beyond can mean another bullish rally !
Near term target is marked.
For educational purpose only. Trade at...
NTPC has formed a prominent H&S Pattern on the daily chart and a bearish double top pattern on the weekly chart.
The run seems bearish for mid term. If the neckline breaks, One can see a fall in couple days.
Levels are marked on the charts !
Educational purpose only. Trade at your own risk.
The Stock has been into bullish trend for a long and has been consolidating at the current levels.
The breakout happened yesterday, today the trendline is tested.
One can see an upmove in short period.
One can wait for the last kiss to happen. Once the level is retested, can show decent upmove. Levels are marked in the chart.
Also, the wave has taken strong support at 38% and 50% Fib.
(Educational Purpose Only. Trade at your own risk)