Bata is having a cup break out in progress since few weeks now. Stock at all time high price levels the momentum is bullish on all timeframes while trend indicators are bullish as well with strength seen rising on all timeframes.Weekly may be forming an unconfirmed momentum divergence need be cautious about. The stop loss below the breakout zone could be tried...
Hdfc weekly has taken cup/rounding pattern breakout with a green close above neckline at all time high levels after an earlier momentum range shift move from sideways to bullish zones. Momentum on all timeframes are good.ADX shows trend strength rising on all timeframes as well. swing/ Positional trades can be taken with stops at candle below neckline and entry...
'Flag pattern' breakout on daily charts in progress.Also the weekly charts show that a 2011 year started 'Rounding pattern' breakout in progress Momentum bullish on all timeframes.Bullish reverse divergence in play on daily.weekly The trend indicator ADX showing that the trend strength rising up on weekly timeframe.Volumes on weekly are above moving average and...
#ICICIBank 18% breakout from previous resistance in just 2 weeks following earnings but gave up half of it forming a indecisive gravestone doji at a gap support.what else to do when even index gives up >5% in same time. Daily timeframe has a bullish reverse divergence that could lift it up. Momentum is very good on all timeframes intact in bullish zones ADX trend...
The stock on weekly chart had earlier broken out of a cup and handle pattern and consolidated post to that to further move up and now has a momentum reverse divergence which is bullish to take it further up if it works out to happen. However caution need to be maintained with tight stop loss since the ads trend strength has taken a bent on the top which may be...
The stock has broken out to create all time high levels from a previous resistance zone that was tested earlier multiple time this year. It is currently walking on Bollinger band after a squeeze breakout seem to be bullish. Momentum is good on all timeframes and ADX trend strength is see rising up which is bullish. Banking sector as such is very bullish same...
NipponLife India asset management stock is breaking out from a previous resistance zone. It is trending in a channel with good momentum and ADX trend strength rising high. Volumes are decent above simple moving average. Stop loss should be neckline of breakout below entry candle low and entry above high of alert candle.
The stock continue trending up well within a channel after the rounding pattern breakout many weeks back. Momentum and trend indicators are in bullish zones on all timeframes.Volumes are decent above 20 moving average. Have tight stops for short swing trades as there could be weekly bearish divergence that could pull it down. However the pattern could eventually...
Nifty auto index is showing. A firm confirmation of breakout from the previous resistance and also from a double bottom W pattern. The last weekly candle is wide range bullish open = low pattern. The momentum and trend is bullish on all timeframes. From the fundamental side covid recovery and festive sales could help stocks in the sector to sustain the bullishness...
The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...
The weekly charts for the stock shows an inverted head and shoulder pattern that ha clearly broken out. Can u believe that it moved more than 41% . It also had taken out a major previous resistances since 2008 and 2018 while breaking out. The price momentum and trend indicators are bullish on every timeframe. An entry could be made on daily retracement candles and...
HDFCBANK one of the largest constituents of the market index is at the edge of a potential big breakout if it works out. There is a rounding pattern formed and it already has cleared the previous 1641 resistance and is at all time high but just need a green candle close above for confirmation. The Fibonacci extension levels indicates 1800 levels possible even if...
SBI has taken out previous resistance and heading higher in a parallel channel. Momentum and trend is bullish on all timeframes and bank nifty at all time high.
The stock is breaking out of a previous resistance. Also if broken out of the FIB retracement 61% from top which Is clear indication of further up move. The momentum and trend indicators are bullish on all timeframes The entire auto sector also has broken out leaving no doubt on bullishness, however make use of trailing and Tight stops the cover the risk of...
stock is breaking out of a rectangular consolidation of near 5 months from a triangular/flag pattern bullish momentum and trend on all timeframes. stop loss for swing trades could be kept at breakout candle low.
Weekly showing a rounding pattern breakout in progress taking out a 4 year old previous resistance The last daily candle is wide range bullish . Momentum indicators is bullish on all timeframes short medium and long while trend indicators are bullish as well with ADX strength of trending seeing rising up on all frames and therefore continuation of price up move is likely.
Weekly cup and handle pattern breakout after a break consolidation seen on weekly timeframe Momentum and trend is bullish all timeframes. Neckline of breakout can be stop loss for positional and swing trades could have breakout candle on weekly For stop loss. sector is consolidating since 4 months and resisting a bit at the bull zones. and a weekly momentum...
6 year old resistance has been clearly broken when breakout happened last week. Volumes are above average with momentum and trend indicator bullish on all time patterns It is rounding pattern breakout on long term timeframes too and could be forming cup and handle as well. Up move is expected to sustain considering all these