Angel one has given a great breakout after it has broken its imp resistance level of 1980 and currently trading at 2080 in last session we have seen profit booking and pull back it seems like it can again test it levels of1980 acting as support and from there if it bounce back then it will be a great trade and we can go long in Angle one from that levels.
The stock encountered significant resistance at the level of 635 after breaking out. Currently, it is retesting this level, which is now acting as a strong support. Moreover, a pin bar candlestick has formed on the 2-hour time frame, suggesting a potential bullish movement in the future.
Add to your watchlist
After undergoing an extensive period of consolidation, the Nifty IT has recently shown signs of a double bottom pattern on its one-month chart, indicating a potential breakout above its neckline. It is worth noting that Nifty IT is currently trading at a discount of approximately 22% compared to Nifty 50, which is reaching its all-time high.
To maximize potential...
The stock has experienced a strong rally over the past two months and is currently trading well above its 50-day moving average. It would be prudent to wait for the price to reach the level of 1280 before considering any new positions, as this level holds significant importance as a support level.
Keep Cyient in watchlist for swing trade.
Cyient has given a positive trendline breakout and sustaining the levels and retested its trendline as support.
This stock is developing buying interest above 832 we can see a explosive move !!