Bullish flag breakout Reversal observed in stock, After a strong up move, the stock is in a consolidation phase Details are updated in charts.
The stock has seen HH-HL formation and a possible trend reversal. Volume Breakout is good. A good place to take Entry is after retest This is Risky trade as the Global scenario is weak.
Elgiequip Price is Breaking out 200 days of consolidation with good volume Simple Low risk-reward setup for positional trade. Few points to consider - Rectangular Box price breakout. - Good volume to support Price - Relative strength is outperforming Benchmark Index (Nifty) - Risk (SL), low of daily candle close
Below are a Chart analysis of two stories for TCS March 1st week 2021 Story 1: Long ------------------ TCS is at 05-Oct Anchored VWAP support, Also taking 200EMA support at 4H. 23.6% Retracement done from March 20 dip. Target 1 = 3040 (50EMA Resistance at 2H) Target 2 = 3090 (Anchored VWAP Supply Zone from 22-Jan ATH) SL = 2830 (Below...