Trend on Higher Timeframe (Weekly chart) - Green / Uptrend
Trend on Current Timeframe ( Daily chart ) - Green / Uptrend
It is common for shorter duration multiple moving averages to compress and expand repeatedly during an Uptrend. The compression of such shorter duration multiple moving averages can be used to identify a pullback.
The blue cloud in the chart is...
Trend on Higher Timeframe (Weekly chart) - Green
Trend on Current Timeframe (Daily chart) - Turning from Yellow to Green
This is nothing but a Pullback.
BUY for an Initial Target of 650
Stop Loss - 582
Resolution - 4 Hours
Probable Fake Breakdown Reversal Alert.
One can plan an entry at the current price, with a stop loss of around $11040.
Target - Open (or trail with 50DEMA, since it has reclaimed it today)
Microsoft has been moving along 50 days EMA. It broke that support yesterday and is currently right back at it. Important for it to reclaim the 50 days EMA and move up along with it.
On hourly charts, it has given a probable fake breakdown reversal alert .
One can plan an entry at the current price ($210), with a stop...
IRCTC is moving in a range of 1315-1415 for the last 2 months, with low volume.
The longer & shorter duration multiple moving averages have compressed.
A breakout above Rs. 1415 can trigger a long-term uptrend. A weekly close above Rs. 1415 is also important.
👉 BUY above Rs. 1415
👉 SL 1315 (around 7-7.5%). Size your position accordingly.
Knowledge of Trend is important:-
Higher Timeframe (Weekly) Trend - Still Red
Current Timeframe (Daily) Trend - Green
Stock is currently stuck between 50EMA & 200EMA. It still faces some resistance from 200EMA, which is @ 6611 currently (not so far). Once that is breached, the stock should go up faster.
Note: It gave a wonderful ' Fake breakdown reversal ' @...
- Trend - Downtrend (represented by Red bars above)
- Facing resistance from 25 weeks EMA (or 250 days EMA if seen on daily timeframe chart)
- Promoter buying seen in March 2020 quarter.
- ROCE consistently over 25% in the last 10 years. Current Debt:Equity 0.3x
- Making Ascending Triangle Pattern
- Can the National Education Policy 2020 be a Bull trigger for...
The blue EMA cloud has squeezed and has given us blue dot at the bottom of the chart. The current trend of the stock is clearly Uptrend, as represented by the green trend bar on the top. In fact it is green since April 2017. The stock has made a narrow range here. It has been trading between Rs. 2050 to Rs. 2150 since last couple of weeks. i.e...
Dabur had made a Weekly Inside Bars pattern last week, with decreasing volumes. At the same time, it is also making a symmetrical triangle pattern. A breakout on either side can be big! However, since it currently trending up, I will be happier taking a LONG trade on a breakout above Rs. 466, in continuation of the prior uptrend.
Breakouts are overrated, Pullbacks are underrated. One can consistently make money in getting into pullbacks too. Hindustan Petroleum, got one such BUY signal today. The watchlist was sent to all the subscribers yesterday.
Strategy used: Pro-Pullbacks.
After the EXIT at around Rs. 9,000 , the next BUY signal came at Rs. 7,178 . We won't be able to buy at the lowest price, won't be able to sell at highest. But will eat the meat in the middle. Just need to follow a strategy.
The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details,...
CEAT Limited, a tyre-manufacturing company is approaching breakout. Two of the other well known tyre manufacturers in India (MRF and BALKRISIND) have already given breakouts. Will this one be successful too?
Lets stop guessing, and follow the strategy used to identify others. The Pro-Breakouts strategy that I use...