NSE:SAIL keeping strong in these market volatility.
Can be considered for swing trade, if metal sectors continue to rally owing to the various global news coming in.
Good triangle breakout.
Good volumes consolidation in the stock after an uptrend, is ready to move again.
T: 140, 150
SL: 120 on a closing basis.
Disclaimer: This is NOT an investment...
Good chart formation.
Inverted Head and Shoulder pattern
Good demand zone in RSI
Holding 404 levels, stock may rally.
Metal sector is the current flavor of the market, performing strong in these range bound times.
T: 427, 448
SL: 404 on closing basis
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes...
Consolidating for a long time, any upward move will bring a good breakout on the stock.
Flag pattern formed.
RSI bounced back from 50 levels.
EMAs on the upward side.
2h Supertrend has turned positive.
Disclaimer: This is NOT an investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
NSE:RELIANCE closing above EMA 21 after a small breakout from a descending triangle of a downfall.
The stock has seen a lot of consolidation between the 2350-1850 range.
RSI suggests a good demand and supply zone.
Nearby resistances are at 2174 and 2256.
One can slowly add and start taking positions to go long.
Add more on breakouts.
Long view: 9-12...
The stock trend is bullish with little pullback due to global sell off on 19-20th July, 2021.
Technicals looking good with symmetrical triangles forming with low volumes- Good sign for breakout.
RSI is moving into a demand zone.
Targets: 132, 142
Maybe considered for short plays.
Disclaimer: This is NOT an investment advice. This...