Points :- 1) Stock in uptrend 2) Flag pattern breakout 3) Support at 0.5 levels 4) Amazing RR 3:1
SBI CARDS looking bullish. Can buy at retracement for a good 2:1 RR.
Resistance zone broken and took first support while forming a falling wedge and brought on breakout. RR 2:1.
Break out of broadening wedge on 1hr time frame. Also taking support from 0.382 levels and stock in uptrend in higher time frame. RR- 2:1.
Hindalco has given a channel breakout on monthly timeframe. Also forming a broadening wedge pattern on 1hr time frame. Looking very bullish. Note: Fundamentals do not look so strong.