As you can see, there is a good Bolinger Band formation in YESBANK with good volume and, at the same time, it has broken the downtrend. I believe YESBANK will now move in a Bolinger Band, so continue to average near 20MA (i.e. the middle band of the Bolinger Band is 20MA). After breaking the trend, the chart has also retested the support. Please keep the lower...
There was a trend reversal. But it broke that trend line and has gone for consolidation. Right now it's near support which seems a good buy. And if there is a breakout from consolidation then we can expect a Bolinder Band blast. For education purposes only.
GMDC was consolidating and had a resistance near 73. But, it gave a breakout of that consolidation with a big candle. Now if it gives a day-wise closing above 76.5. It's already moving in a channel and now it had made the channel's middle band as support. If this continues, then we can expect a big move. I personally hold GMDC. For education purposes only. Not a...
The stock fell into distribution and consolidation after the trend reversal from 54 points. It has broken out of the consolidation and is now a good buy. We can re-target 54, taking a 50% quantity profit there, and then wait for a breakout when it closes above 55. Disclaimer: I personally hold BANG OVERSEAS LTD. For education purposes only. Not a SEBI registered...
Power Grid was in an enclosed channel and has recently given a breakout of the channel. The chart has also retested the support levels. Now we can expect an uptrend. For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
A breakout is seen in Canara Bank and seems like it's not a fake one As it has been building up volumes for months. So we can go long on Canara Bank. For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
Nazara was moving in the enclosed channel but gave a breakout out of that channel. Moreover, it has back-tested its support and now it seems like it's ready to rock and roll. For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
As we can see that there was a bear trend in the chart creating LL and LH. But, the trendline is broke giving a breakout in the bear trend. Chat retested the bear trendline and was at major weekly resistance. But today (i.e. 28th September 2021) it gave a closing above 60, giving confirmation for the bull trend. For education purposes only. Not a SEBI registered...