Price action and moving average is the key.
Good price action and volume followed by a symmetrical triangle.
Good price action and volume followed by a symmetrical triangle.
Buy bajaj finance at cmp for the target of 2212 (short term target). As we can see the stock was in a accumulation mode for more than a week. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume .
Buy Bata India at cmp for the target of 1340(short term target). As we can see the stock was in a accumulation mode for more than two weeks. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume .
Buy Zeel at cmp for the target of 160 (short term target). As we can see the stock was in a accumulation mode for more than a week. Institutions were accumulating the stock at lower level. It seems like they have completed accumulating the stock and its ready for a big upmove. Good price action + Good volume.
The stock looks really week in chart.
There's a very big relation between the price action and volume. Sometimes we see there's a breakout in the chart but later it comes out to be a false breakout, reason being low volume. Here in reliance we can clearly see a breakout with big volume which can take a stock upto 1300 within 2-3 days. Buy at cmp with a stoploss of 1166.