Axis in a Great consolidation face and now near to resistance. Break out of resistance with good volume can give great bullish movement. you can follow arrow for target after breakout.
Plan you trade according to your risk
It crossed 200 MA and is struggling to cross the resistance (red line). We can see little negative divergence So expecting side ways consolidation or little correction to down side before crossing but Once it cross red line with volume then we can follow arrow for target.
Plan trade according to your risk :)
Its forming triangle pattern and at present struggling to cross 200 MA. we can see negative divergence.
Today last few candles pushed upside very well if it continue on Monday and RSI cross the down side line. Then we can see a very good upside movement in coming days.
Just for education purpose. (My trade over in ITC)
Many times we want to put lot of handwork to get great targets and many of us do a lot of research to get want we want.
But in that heavy work we miss to find what exactly chart want to convey with us.
You can see in chart simple breakout with volume given a awesome profit.
Yesterday, it had given a triangle breakout but unable to sustain. If it again break triangle in above side with volume then we can follow the arrow for short term target.
Plan your trade according to your risk.
If 30 min candle cross red line and close above that red line then it can touch 1st target 2118 and 2nd target 2140
looks before going up it may give little correction
Trade according to your risk
Near Resistance line, If it break red line and close above 554.5 then you can go for long.
Plan your trade according to your risk :)
Please like if you think its useful. which can motivate to share more ideas :)