Broken monthly trendline after a strong consolidation near by its resistance which indicates buyers decided to step in finally to move further. In weekly time frame its taking a perfect retracement one If the next week ends in green and moved above the last two weeks high we can go for long.
In a weekly time frame its exactly at resistance point though last two weeks candle were strong it didn't broke the resistance yet.
So doesn't need to jump in this lets give another week to settle down. If it breaks the resistance and also sustained above stongly we can expect minimum 30% ROI
After a significant move it took a quick steep and sustained exactly above its intial value. Demand zone is also right around its listed price which indicates buyers are willing to buy at this rate . Expected levels to reach are market in horizontal ray.
Though market is tumbling back and forth kpi is moving like it was in some other planet. Its magnitude around the market seems very strong compared to other mid caps. Since its listing this stock never looks down and we believe its final phase of momentum is about to begin.
Nifty is all set to move another big rally once bank nifty gets pull back from 37250 . Yes you read it right. As per the chart it needs to come down another 600 points to fire upside.
From 16830 to 18360 was a dramatic move which was an kick start to an upcoming momentum and that exactly finished its correction at today's low 17630. As an add on 200 MA becomes...
Forming symmetrical triangle formation, previous resistance now turned into support along with that 50 day moving average is inching towards 180. Based on that we can go long from 180 with stop loss at 4%. Pottential upside movement minimum 15%.
#happytrading
It's been consolidating for months but is it ready to break now ?
YES .
1. It's above 200 MA in weekly candle.
2. Strong bullish formation in support.
3.Cup & saucer pattern formed in weekly time frame .
Expecting Tgt levels 525
#happytrading
