As can be seen from chart, the stock has made an Ascending triangle breakout with exceptional candle and above average volume spurt. Previously, it had made the sme type of pattern which can be seen as shown on to chart. Intraday Long above 696 can give 707/718 Positionl long above 696 can give 745/780
SBI cards. As can be seen from the chart and the things mentioned onto chart, 1)We can see bullish divergence of RSI 2)Resistance turning into support and then into resistance again. can be called as change of polarity. 3)A Gap of 20pts can be cleary seen as mentioned onto chart. Intraday can give 1050 bove 1025 Positional Above 1025 can give 1110.
1) Earlier This chart is been posted here at point "E" on 14th Dec 2020 as a probable Breakout stock. But It couldnot at that time. Nothing wrong with the logic. 2) Now Ultimately it formed 2 more waves and finally Broke out of Symmetrical Triangle. 3) Huge Volume Builtup. 4) Haven't crossed Ichimoku Cloud though.. Trade can be initiated sustained close above...
#GAIL This is classic case where in 2 logic Mixes. First Logic - RSI divergence exactly at the Trendline. Previously same thing happened in feb-march, shown by white arrows, where Price fell. Will it fall again? But the sector is bullish... Second Logic - Ascending broadening wedge or Ascending Megaphone in Daily. Price closed exactly near trendline. Also there...
RISING CHANNEL IN DESCENDING BROADENING WEDGE
AFTER A RISING WEDGE BREAKOUT, PROBABLE W PATERN FORMATION ON VERGE
FALLING CHANNEL AND ASCENDING TRIANGLE COMBINED
YET TO CONFIRM FURTHER DIRECTION WAIT FOR DIRECTION THEN CAN BE TAKEN THE TRADE
BROADENING WEDGE FORMATION IN DAILY. NEARING ATH.