Buying at retesting levels Stop below large candle low
It seems, the trend in the banking sector is changing and money seems to be coming in. It has closed above 200DMA, yet to give a close about 200WEMA But over-all looks bullish, once can buy with stop below daily 200DMA This is a positional bet, may work good for next couple of months. Since this is a basket of stocks (an ETF) the risk is low compared to...
It has given a breakout above the sloping trendline which is there for almost 4 years now The stock is trading above 50WEMA The stock is trading below 200WEMA (The only negative I can see) Volumes on the breakout are good. Stop can be 50WEMA which is around 126
- One of the well-managed banks in India - This has given the breakout after 4-5 months of consolidation - The weekly candle is also impressive
A strong weekly close above the resistance zone can take this stock to another territory
1. Chemical sector in focus from long now 2. ATUL has been proved a consistent compounder 3. The pullback has taken support near 21EMA 4. Very tight consolidation range Note:- This pattern can go any side (up or down) but looking at the candle formation and 21EMA support I can take some risk and go LONG.
Price seems to respect the support levels (Yellow zone) and it is staying above 20EMA. I will BUY this with a stop below 1550
1. Multi-year breakout almost 7+ years 2. Last Quarter results were great 3. This may not be a fast mover so this will give the opportunity to BUY 4. Since this is multi-year we can have a bit deep stop on a weekly closing 1570 5. I would buy this stock on Dips 1600-1650 Range (Few Rs here and there)
I will not wait for the. trendline breakout, I will buy tomorrow morning itself. Stop can be below 50EMA which is around 300
I like the tail at the lower end, it has taken support near 20EMA
Would be interesting to look at how the stock behaves in the yellow zone and then we can buy
The highlighted area is important and somewhere in that yellow box stock should take support. I will buy in that zone
1. It has broken 50EMA 2. But there is previous support near current levels 3. Let's see if it reverse or go further down.
Cup and Handle, keep on watch-list
1. On WatchList, wait for it to close above 1010-1020 2. It was almost a breakout on Friday but then we got one wick. 3. I like the volumes also
1. Strong weekly closing, the candle is full-body without wicks and tails 2. Volumes are great, which shows the strength of the move 3. The resistance was well built-up