The stock has been in uptrend from 2020 making higher high and lower high finally new breakout again in daily timeframe along with good volume. targets are drawn with fib levels if you go down to lower time frames you'll notice a bull flag pattern so i would like to say enjoy the ride when its still available
traingle pattern good volume good result adx indicating trend can come very soon always remember if overall market is not good than there is high chances of falling too
Hi in this video i discuss what could be the scenario of nifty and banknifty in future Along with the breakouts stock that has failed
Hi in this video i explain how to trade breakout stock along with 2 breakout stocks in today's market. And things to take care of while trading breakout.
Finally... A long trend is taken out... One can start taking position
Euro/USD Technical Analysis- 1. Strong Channel pattern 2. Trend reversal signals coming in( bulls starting to get little aggressive forming new trendline inside the channel pattern) 3. Play in bull volumes 4. RSI(Relative strength index) is forming ascending traingle (breakout in RSI given), indicating there can be high chances of breakout from the channel...
Euro/USD Technical Analysis- 1. Strong Channel pattern 2. Trend reversal signals coming in( bulls starting to get little aggressive forming new trendline inside the channel pattern) 3. Play for bull volumes 4. RSI(Relative strength index) is forming ascending traingle (breakout in RSI given), indicating there can be high chances of breakout from the channel...
Two strong support zone ............................. This is call the institutional zone
As NIfty is reaching a very important Level, This are the 3 scenarios we can aspect. As it is moving in parabollic move im not aspecting the 1st breakout to be succesfull.. It can either consolidate and give breakout or just fall to 16500 Levels.
Wat more do I need to say... If ua looking at this chart and understand than i don't need to give sl and Target i guess hahaha enjoy guys
see if it gap up than its going to retrace to support zone if it opens flat than a breaking of key levels is an entry line inisde the box means flat opening and line above the box means gap up target are based on previous resitance and Support followed by option chain Data enjoy
what more right? good pattern good volume good ema good in eveything target 1:2
good pattern good volume good rsi good ema what else do u need? risk reward of 1:2
Its looking bullish... Good trendline breakout Good volume Good RSI Good EMA GOOD FIB LEVELS
i love tradng with conflunce 1. pattern breakout 2. RSI divergence 3. volume increased 4.above EMA
i love tradng with conflunce 1. pattern breakout 2. RSI divergence 3. volume increased 4.above EMA 5.a good bounce from Support area
in a very good support area Sl can be below the support and target the 1st resistance
How crazy it can be... Be ready for any sides I think i don't need to explain.. it's nuetral