L&T infotech : double bottom breakout in progress. Momentum and trend bullish on all timeframes . latest daily candle is open = low bullish pattern and likely to trend up. stop loss could be close below breakout neckline. trailing could be done on daily trendline breach and close also could be indication for short swing trades.
#heromotorcorp weekly seems to have a head and shoulder pattern watch out for neckline of same and whether if major support band currently it is reaching whether if it gets broken and if so could be shorting opportunity if a breakdown red candle confirmed closes below it. remember there is also a support available below near 2250 and only if it break do we have...
#daburindia weekly momentum at bullish support within trendline channel weekly holding within a trendline channel since long momentum and trend bullish on all timeframes. sector is bullish. momentum taking support near 60 multiple times on weekly indicating a medium term range shift.
#niftyfmcg FMCG sector potential "volatility expansion" on Bollinger band and "W breakout" pattern if breaks out of neckline with momentum forming a" range shift" from sideways to bullish definitely a sector to watch out for.
#OIL daily bearish momentum and trend.sideways on weekly and probably trendline channel bottom supoort?
#tataconsumerproducts. Short ,medium and long term momentum bullish with trend indicator showing rising in strength . Last daily candle is a breakout wide range bullish breakout from past resistance zones with good volume making a new all time high level and also making high high pattern In a trendline channel
#nationalaluminium #nalco 4 bar bullish momentum reverse divergence seen on weekly charts that could pull up to 98 levels again. Daily momentum has taken support and bounced up.it could also turn out as a resistance acting as support and change in polarity bounce up move is also a possibility. Long entry on confirmation if next week candle staying above this...
Bullish divergence met target &daily rounding pattern breakout in progress and weekly approaching a very wide weekly W pattern breakout neckline. Cautious of a weekly bearish divergence emerging &use tight stop loss at rounding pattern neckline
#bataindia watchlist stock for potential short term breakout all timeframes are bullish in momentum and trend. at a 2 year old major resistance zone and daily volume spikes seen that could be attempting to breakout. momentum showing a bounce from the support on daily after range shifted from sideways to bullish rounding bottom on daily seen.earlier june attempt...
#PiramalEnterprises #PEL : rounding pattern seen on weekly at verge of breakout. Earlier bullish reverse divergence worked like charm to meet target.all timeframes have good momentum and trend. Flag pattern seen on daily timeframe .keep stop loss at candle on neckline and enter on confirmation only.12% up move happened on earlier post made on Aug 5th.
#tatasteel breakout 15% move from last post on it
LaxmiOrganics :Big moves post IPO rally. probably late for an entry now. But could wait for next consolidation to see if makes another explosive move like last 2 times. do it at our own risk appetite on liquidity and volatility as stock is infant.
#Gold that gold last week when dollar kicked it down the support but it smartly climbed back to form a hammer,it may be heading north again
#LARSEN&TOUBRO.Rounding pattern breakout green close above neckline on weekly.On daily it is also forming a W double bottom patter Which also has broken out.Bullish momentum on all timeframes.ADX also indicating trend is good. Long entry with tight stop loss at pattern neckline is god trading idea.
#SIEMENS momentum bullish reverse divergence on weekly seems working now with a bounce near support zones. all timeframes have good momentum and trend.
AUSMALLFINANCEBANK Wait and Watch for the resistance zone to be broken to enter a potential trade with tight stop loss
#HCLTECHNOLIGIES looks like a breakout of previous resistance after a W pattern. Momentum and trend on all timeframes looks good.Dollar beneficiary move
SBI Life insurance Ascending triangle breakout happening.