Weekly chart Analysis - Bullish range breakout. Buyers/Investors not allowing close below 200. Strong volumes seen during range, indicating investors interest.
Cup & Handle inside Inverse H & S; Good Pharma company; Pharma shares are back in focus.
Price Action Analysis on weekly chart : 4.90 critical level on closing basis. Last time after a bullish candle close at 4.90, made a high of 5.30 and started falling without halt. Now trading around same levels and have created a range. Good risk to reward trade. Anticipating a Bullish Flag & Pole breakout.
Seed and agri related businesses are bullish. Like last time when broke the range gave upside of +40%. Good for investors.
Good for swing trade + positional. Trading near support and looks ready for breakout of falling wedge pattern. Lets see.
Will breakout of Inverse H & S sustain or is it breakout failure? Last week we did saw pullback near neckline (around ~260 levels). Keep in watchlist.
Flag and Pole Pattern. Low risk, High gain trade. On Higher timeframe, we can observe 115 was stiff resistance, which was taken out recently and now trading near same levels. It means buyers are defending 115 level.
Good for Swing trade. ~1420 level was once resistance now acting as support. Good Risk to Reward.
Positional Pick - Cup and handle breakout + Good buying volumes. ~570 level acting as good support, created a range around that levels now moving up.
Weekly chart analysis - For 9 months, was trading in a range 70-90. Range breakout and Triangle pattern breakout. Buying volumes increasing like rising staircase.
Weekly Chart Analysis - Inverted Head & Shoulder pattern. Facing resistance in white parallel channel.
Watchout for Cup and Handle. Observe RSI, facing resistance at 60 levels.
Trading near bottom trendline of triangle. Good risk to reward.
Penny Stock - Trading near bottom range of Expanding Triangle pattern. If any +Ve pullback near trendline then buy.
Positional Pick - Company deals with Sugar, Cement and Power sector. Stock trading in the range of 150-200 for a long time. Watch for multi-year breakout.
Positional Pick - Buy near bottom trendline region ~660 levels.
Positional Pick - Can buy at CMP with SL of 500 with the view that Cup and Handle pattern is in development. If breaks 500 and falls then exit and wait for it to fall near bottom trendline, then Buy there.
BNF view for May series. We saw rejection from ~34000 levels as it was neckline of Inverted H & S pattern. I am expecting BNF will dip towards 31700 to fill the gap and reverse to complete the right triangle. Then if re-tests 34000 levels and breaks then upside will be big. Lets see.