Double Bottom formation , price crossed above 200 EMA cmp 1221 stoploss 1140 target 1409
Inverse head and shoulder breakout and fresh all time high. stock above all key Moving averages buy at cmp or on pullback to 3650 stoploss 3320 target 4500
Angel One long setup 1)Price crossed 200 DEMA 2)head and shoulder formation after taking multiple support at 990 3) also a large Triangle formation Long can be initiated above 1370 with a stoploss of 1240 target 1=1590 and target 2= 1980 and above.
Nifty created a bullish engulfuing candelstick pattern on a demand zone on 1hr chart supported by a uptrendline by joing the lows of 1st feb 2023 to the lows 17 feb 2023. Also the pattern is supported by fibonacci 61.8% support level. Daily 21 EMA is also acting as support. Also if we zoom down to 5 min chart a Double bottom chart pattern has been formed. Untill...
=Volume Spike During Breakout =HEAD AND SHOULDER BREAKOUT =RSI TRENDLINE BREAKOUT
=Took Support From trendline =Head and Shoulder pattern breakout (H&S)with high volume =Price consolidated at 200 EMA before neckline of H&S pattern =monthly close above resistance
4 support levels at ones horizantal,trendline,fibonachi and 200 weekly EMA and falling wedge pattern formation Volume also supporting bullish bias also bearish momentum seems to be slowing down.