On weekly chart It has touched the same high previous week (15/12/23) and crossed the same today (20/12/23) and afterwards selling... Hypothesis If it crosses 5300/- then BO confirmation will happen.. Entry >5300/- Target 6060 SL 4920
Dixon Tech is giving the BO on Weekly chart.. ATH ADX positive DMI+ in right direction RSI also is buying territory In this situation stock can be entered with the previous candle Stop SLT - 5875 Entry 6400 Trail the SLT..
Price is coming for retest after break out.. one should wait for the entry at retest only...let's see our hypothesis is correct or not..
Perfect rounding bottom on quarterly chart.. close above 61 may trigger further buying wait for weekly close so be more strong.. T 68 and 75... SL 57 (as per weekly chart)
Stock in a downtrend but following a trendline so in this situation before starting the lower journey.. stock should retest the trendline and continue the downward journey Entry 6800 SLT 6700 Target 7070
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Hypthesis Stock is making a rounding bottom pattern Stock is trying the break the multiple resistance Entry >770 Target Next resistance SLT 733
Stock RSI has cooled down on 4 Hour chart.. ADX is already in positive category.. Is it getting ready for the next move.. lets see.
Stock has crossed the monthly resistance and if sustain above this level then can test the next resistance Entry >280 Target 340 SLT 220
Price testing a resistance area again and again... BD and retest has happen.. In such a scenario.. it should fall.. Entry Below 2350 T 2196 SL 2444
weekly 20 EMA 1415 Rolling VWAP 1445 ADX & DI > 25 MACD in buy zone RSI = no trend.. If in such a trend stock crosses RVWAP.. it should go to next resistance level i.e. 1520/-
Nifty select Future is trading in a range.. Inside bars are getting created.. Upper 9200 Lower 8950 Whichever side it will break and give weekly close there are good chances of move.. Suddenly volume also increased
Stock is trading in range.. 707 upper side 678 lower side When stock broke a range.. it gives an impluse move.. lets see how the hypothesis played..
Perfect setup... there is cup and handle is in the making.. entry above that BO zone..
Stock has taken support at Weekly 20... What next??
Price is at major trend line and if gives a BO above resistance level then a swing is possible on upper side..
Stock will become more strong if it does a retest after the BO.... Keep an eye to check this hypothesis..
Chart has given BO on weekly basis.. it should come to retest at the BO level... if it happen than generally entry get trigger... In such a situation, one can have a 1:1 RR.. SL 135 T 195