STOCK HAS FOUND STRONG SUPPORT @ TRENDLINE LEVELS AND HAS CROSSED ITS AVERAGES IN THE NEGATIVE SIDE TODAY WE ARE TRYING TO TIME THE MARKET WE ARE LOOKING FOR BREAKOUT TRADE VIEW SHORT @ 998 STOP @ 1012 ABOVE 100-DMA TARGET 980/970 POSITIONAL TRADERS CAN WAIT FOR TODAYS CLOSE AS A CONFIRMATION
Just look at the index which has correct more than 300 points and were has this stock been. It has not moved out of the range and now is preparing to breakout. This proves that in deep correcting markets big institute pump up the money in blue chips stock Momentum indicators are gaining strength Moving averages 20-dma and 50-dma are providing support TRADE...
LOOK IN THE CHART I WILL POST A EDUCATIONAL POST ON M&M AFTER MARKET HOURS
STOCK HAS BEEN TRADE ON AND OFF THE STRONG ZONE WILL SOON TEST THE 200 DMA @ 1132 TRADE VIEW SHORT @1150 STOP @ 1163 TARGET @ 1125
Stock is seeing some strong selling pressure may test its 100 day moving average and has broken the support of 672 book part profits @ 656 if goes below hold for better returns its not just day trade might be a swing trade as well
NOW THE STOCK HAS TRADED FOR OVER A MONTH IN A RANGE OF 1209 TO 1240. AND YESTERDAY WENT BELOW THE RANGE AND MANAGED TO BOUNCE BACK AND FORM A HAMMER CANDLESTICK PATTERN BUT TODAY IT SAW A GAP DOWN AND IS FIND HARD TO CROSS BACK ABOVE ITS 20 DAY MOVING AVERAGE IT MEANS THAT THE STOCK IS UNDER PRESSURE AND THE MOVING AVERAGES ARE SQUEEZING AND COMING NEAR TO EACH...
STOCK HAS CROSSED CRUCIAL SUPPORT OF 284 STOCK NOW IS AROUND ITS 200 DAY MOVING AVERAGE AND ITS SEEING SOME PRESSURE LETS TRADE WITH THE TREND HOLE METAL SECTOR IS SEEING SOME TIGHT PRESSURE I BELIEVE IT MIGHT SEE FURTHER DOWNSIDE MOMENTUM TRADE VIEW SHORT @ 279 (NOTE A CLOSE BELOW 278 TODAY WILL FORCE MORE DOWNSIDE) STOP @ 285 TARGET 274-270 DAY TRADERS CAN TAKE...
Stock managed to break on the negative side of the channel previously i had given lot of buy calls on the stock, but due to the channel breakout its time to go short although it was given a huge breakout already i belief that there is further downside momentum in the stock. Reason the stock just closed below its crucial support of 1131 and now will find resistance...
Since our goal with this stock is to time the market we will trade on the long side with scalping method Trade View BUY @ 400-405 TARGET 1 @ 410 TARGET 2 @ 416
Stock is no doubt in a uptrend. While it is squeezing and trading in a range it's on the verge of a upward breakout and the reason are as follows:- 1)Moving averages are converging(nearing each other) 2)If we add in 20-dma with a 2-standard deviation higher and lower band it shows the squeeze..... 3)The lower end of the band is 690 and next major support is 693 so...