NSE:AWHCL has given a daily trendline (tested 3 times) breakout with increasing volumes. Can be bought at ENTRY - 264.5 (CMP) SL - 258.5 ( below breakout candle) TARGET - 282.5 (upto next weekly SZ & 200 EMA) RR - 1:3 Please use this for educational purpose to keep track of the share price action as per the analysis & do your own analysis before taking a trade.
Technical Analysis - 1. Falling channel breakout above DZ turned SZ 2. Going from lower range to higher range of rising channel 3. Sustaining above 20EMA & towards 200 EMA 4. OI data supportive - A Short Covering is to be seen after Long Buildup wipe out last 2 days Short Buildup Go long in ONGC by buying CE - 1. ENTRY / TARGET as per spot chart - 139.2 /...
Basic Technical Analysis - 1. Scrip is in a downtrend, following a parallel channel on Daily TF. 2. Recently gave a breakdown from a long term (June'20) trendline. 3. Bounced back from higher TF (weekly) demand zone after breakdown. 4. Other marked DZ (green), SZ (red) levels are respected. 5. 2nd demand zone & approaching 200 EMA might now act as resistance in...
I know I'm posting this trade after I completed it but please don't mind as it's my first post. I would be posting more such analysis beforehand frequently. I would also love to have like-minded interested people tag along on Clubhouse & discuss. Analysis - 1. Triangle pattern breakout on Daily TF 2. No major Supply Zone (SZ) on higher (Weekly) TF 3. Breakout...