Three points i would like to bring to everyone's notice with which one can confidently ride a stock. In chart three are three signals that make it eligible to buy. 1. Dragon fly Doji at support near channel 2. It is followed by three white soldiers which is again bullish continuation pattern 3. Trendline breakout as described by slanting line. Any closing above 57...
The stock has made dragon fly doji at support which is trend reversal signal. It is followed by three white soldiers which is again bullish continuation pattern. The stock has given trendline breakout. Any closing above horizontal line .i.e 57 level gives more bullish continuation signal.
Head & Shoulder breakdown pattern on weekly chart. Technically It has given breakdown for targets more than 150 points. On phychological level this can be a false breakout to remove week hands. Follow up candle of next week will given more confirmation.
Inox is moving in parallel channel. Look for reversal candlestick patterns near lower side of Channel. Reversal patterns are morning 🌟, dragon fly doji ,long legged doji , double bottom. Bullish engulfing
Hul has Broken trendline support. Below 2300 it looks bearish.
1-At support , 69 is acting as strong support on closing basis. 2. Has mad double bottom at as per chart. 3- trendline shows support at current levels. 4- dragon fly doji near same bottom shows that there is buyers interest at cmp.
Support and Falling channel breakout 47-50 will act as strong support and demand zone.
IDFC first bank Taking support at horizontal line and at same level gave falling channel breakout.