FORMED TRAINGLE IN DAILY CHART!
BREAKOUT HAPPENED AT VERY GOOD VOLUME AND NOW ITS GOING TO RETEST IF IT SUSTAINS THE RETEST ILL BE LONG FOR SURE!
IT CAN A GIVE VERY GOOD RETURNS IN FUTURE !KEEP UR SL AT 89 OR 88
TRADE SAFE ;-)
NTPC HAS FORMED HEAD AND SHOULDERS PATTERN!!
BE VERY CAREFULL AS THE PATTERN IS ON DAILY CHART ITS MORE POWERFULL !
DO NOT TAKE ANY POSITION WITHIN 96 AND 101
U CAN SHORT BELOW 96 IF IT BREAKS WITH GOOD VOLUME OR U CAN WAIT FOR RETEST AND SHORT IT!
AND U CAN GO LONG ABOVE 101 OR 102 WITH GOOD VOLUME AS IT CAN ALSO FORM FAILURE HEAD AND SHOULDERS PATTERN!
PNB ON VERY GOOD BREAKOUT!!
IF IT BREAKS THE RESISTANCE LEVEL !IT CAN GIVE US VERY GOOD RETURNS
VOLUME IS DECREASING AS IN CONSOLIDATION !INDICATING A VERY BREAKOUT
BREAKOUT WITH GOOD VOLUME IS WHAT I AM WAITING FOR AND ILL GO LONG AS MARKET TREND IS POSITIVE ;-)
NMDC WENT UP TODAY COS OF GOOD NEWS FOLLOWED BY GOOD TECNICALS
IT WENT UP AND TOOK CONSOLIDATION WITH DECREASE IN VOLUME INDICATIING A GOOD BREAKOUT FOR SYMMETIC TRAINGLE PATTERN
IT CAN BREAK IN EITHER DIRECTION BUT ILL BE LONG AS MARKET AND NEWS ARE POSITIVE :-)
WE KNOW HOW STRONG WEEKLY AND DAILY PATTERN FORMATIONS ARE!
INVERSE HEAD AND SHOULDERS IS FORMED AND BROKEN AND NOW ITS IN RETESTING OR PULLBACK PHASE
ALSO FORMED DOUBLE BOTTOM AND ABOUT TO BREAK ITS NECKLINE !
IT CAN BE A BOOM STOCK IN NEAR FUTURE ESPECIALLY FOR SHORT AND LONG TERM :-)
fed bank is in consolidation in hourly chart with decreasing volume which means its showing sign of a pump!
breakout with good volume is what i am hoping for !
it can go either side but as of index and market conditions ill be on buy side!:-)
as of news today! it's positive for chemcon and it's been in consolidation for many days, today there is a daily range breakout with very good volume!
wait for a small pullback and go long!
having a good view in the coming days!
stock to watch out for positional! :-)