Underperforming Sector's are outperforming in this rally.
Expect money flowing from IT and PHARMA to other sectors now.
Metal sector was long consolidation mode.
Last 7-8 year's underperformance or sideways move is showing reversal sign's.
After Precise Double Bottom Metal Index moved up.
On Weekly Basis we are very close to GOLDEN CROSSOVER.
Few week's ago...
Stock has potential and enough volume baking to move 1-2k within a day
If target achieved then please do not convert position to carry overs ,just book and move out
Index bit stuck in range so move may come in a day or may not
If stop loss hits then just move out, don't try to hold on to loosing trades to loose more.
Stay cautious on index.
Stop loss on...
Company just completed BUYBACK on price of 1725.
Stock is showing very high bullish signals.
Stock is breaking out 2 month long consolidation.
sectoral churning is constantly happening in the market.
IT is absolute under performer lately.
IT index do look strong on charts.
Risk reward looks positive now.
Volume structure is perfect for sustainable up side near...
Stock tested 200DEMA & moving up.
If stock sustained above long term resistance zone then this can be good short-Medium term pick
Stock's high vol accumulation and lower time frame bounce gives a good trading opportunity.
Use 30min time frame for trading this stock.
Levels mention on charts for short term bounce play.
As of now Risk Reward ratio 1:2/2.5
Levels mentioned on charts .
If someone want's to know logic behind the trade then please comment .
If possible then avoid trading entirely for next 2 sessions.
We are reaching to overbought level's.
Today's end of the day data is not positive as per my analysis.
Do not chase any trade tomorrow.
If price moves up then just skip the trade and wait for better setup's.
Trend line breakout clearly visible .
Volume supported move.
Breakout happen exactly on most important 0.61 Fib level
Consolidation above 200 DEMA is very positive.
accumulate near breakout level.
Stock has ability to move up sharply
Please do follow the stop loss.
Stop loss on daily closing basis.
Comments and suggestion are very welcome !
Stock moved up from recent low's.
Not a popular name but strong MNC company.
Stock is about to complete Classic cup and handle pattern on charts.
One can start accumulating right now and buy rest of the quantity above 0.68Fib level closing.
Breakout zone mentioned on charts.
Closing above breakout level might trigger good amount of buying.
Can not time this stocks...