Earlier Triangle BO target reached and it has formed the new Patter of Flag Flag & Pole size of 150 points
Now the IT Sector has started some improvement Mindtree one of them has given a gud Breakout before the whole IT companies starts. Treading at all time high and give with clear Price and Volume expansion
After a deep cut from the top, Asian Paints is consolidating Nr. Trend line support, It is getting rejected from 20 MA. Also RSI 50 earlier acting as support now becomes resistance. 4 times It has taken support from the same RSI and one time rejected, again it is trying to give BO on RSI chart. In a ratio chart Asian Paints has taken at the same level.
Bullish Structure is formed at the New 52 Week High Candle and volume expansion clearly visible
Simple Price and Volume Analysis. 3 times Rejection from 50WMA and now price is able to close above 50WMA with gud volume.
Tata Chemical Trend in Place, after a pull back price is trying to move higher, in 2nd pullback through bearish candles are wide in range but look at volume it much lower than the volume are at the time of price try to move higher, Also after new BO, VCP in formation overall looks super bullish
Trend in Place and Price consolidated and again moving here with Cup & Handle pattern.
Perfectly taking support at previous Resistance and bouncing
After a BO, candle's 50% not breached, looks bullish
In higher time frame, its Breakout retest and now moving higher