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High Volumes and Long range bars while breaking out from the accumulation pattern. Can be bought with stop below 57
On a long term timeframe HBLPOWER is breaking out from the FLAG and also a small penant. Could be a good winner
Breaking 200DMA and bear channel and forming a long range candle. Looks very Good
Massive consolidation pattern in ratnamani on daily time frame. We could get a massive rally coming in this one. Will be an excellent buy on the pull back.
Hathway has broken above the 200 DMA and the bear channel. A flag formation is being formed. The stock looks set for a breakout from the consolidation pattern to higher price levels.
HINDALCO has broken the channel and ia trading well below it. 200 dma is placed at 130 levels, and we can easily expect the stock to test it
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.
Counter has broken 200 DMA convincingly, along with major support zones. These will now start acting as major resistance. With the overall bearish sentiment persisting in the market the counter could further weaken to 800 levels. The short sell should be initiated only on a pull back to ensure decent risk/reward ratio can be achieved.
We can see the bearish pattern as indicated on the charts. Any close below 7950 especially on the weekly charts will set nifty up for a massive slide towards 7200 levels. GDP forecasts have been cut and the Global Markets look overheated. If the global indices correct we could massively underperform. Watch out for the portfolio in these times. Lot of trasders can ...
The stock has broken above the 200 dma and the bear channel by forming a pretty bullish candle. It could be worth entering the stock in small amounts and then perhaps add a little more on the pull back. The stop can be below the 200 dma on closing basis
BPCL is at a pretty good support level and also forming a bullish candle. The correction has been slow and we can expect the prices rally to the upper end, around 628.
A very bullish patterb being formed. The stock has rallied hard today and the right shoulder looks like is getting completed. Interesting next few days ahead in the stock.
I have marked the waves in the chart and here I will explain them a little more in detail.
Wave 2 is a deep correction of wave 1 and retraces 76.4% of the wave 1.
Wave 3 is a 161.8% extension of the wave 1 and is composed of five inner waves, though I have not marked them on the chart to avoid too much confusion.
Wave 4 is a 38.2% correction of wave 2. Again ...
There is a good chance that JSWSTEEL could see a sharp correction in the coming two trading sessions. We have probably finished the impulse that started around 800 and carried the price all the way to 1800. The other metal stocks also seem to suggest that they are over-heated. Moreover with the GDP data coming in lower than the previous quarter we could see a ...