stock after bouncing back from important monthly trendline line and moving out of daily time frame parallel channel. chemical sector is becoming leading sector for this week. entry- after some retracement stoploss- at near range target - partial profit at every peak
good stock to be consider at bottom of weekly support line + parallel channel bottom + good buying at range stop-loss is negligible in front of target gives good win rate and risk:reward
stock after huge rally consolidating in range and today given breakout of range weekly rsi is at oversold which is good sign also no negative factor can't be seen in chart.
currently stock is now at a turnaround point of 3660 daily time frame - parallel channel weekly time frame - at bottom of uprising parallel channel
stock became oversold in daily time frame now stock enter the uptrend territory indicated in green of weekly time frame entry - base of wedge for 1st installment , only above trendline for better accuracy target - partial profit booking at every resistence stop loss - just below swing low
STOCK AGAIN ENTER UPTREND TRENDLINE risk is minimum near bottom' some buying seen
some institutional buying seen just now 10:00 am bottom support of monthly trend is good with very small stop loss
all time high consolidation with box rectangle pattern indicates good upside movementum when breakout the box if breaking falls don't lose hope as the mid of box will act as resistance if stock willing to move again
IPO retailor' selling getting absorb by long term investors bid/ask getting tig-tag crating a base after 3 day fall some buying happening in above 1000 quantity at ceratin prices indicates new big wealth investor creating position in it
weekly support trendline gives good bounce back support from line re entering can again powerup for upmove
if stock got entry in bullish territory can go for the retest top with parallel channel as reference
operater creating position as stock under my radar twice due to institutional buying can see for upside target if Relative index shows gains
buy and stop loss point are same as the support line act as both so with huge quantity can go for trade
weekly timeframe shows DI revolving around 30 not going down a good sign in DI shown as a entry point for upside
stock trying to re enter weekly trendline support which acts as bullish territory for the stock also on smaller time frame the stock is retest the breakout level twice at 1196 breaking which and sustaining 1200 stock can try to play at higher side
stock near all time high forming bat bullish pattern
buy stock near 200 ema to gain accuracy with trade as stop loss hunting is minor
stock is now best accommodation zone all booking bid absorb off now breakout of triangle already taken out