When BankNifty is on a roll Let's Look at some bank as well. Au Bank Broke out of a Flag Pattern(Trend Continuation Pattern) But it started consolidating. Now with the previous swings also broke with consolidation should make this bank a wonderful opportunity. Again the volumes will play an important role. Today's volume is good candle is good and closing is...
Crisil is breaking out from a resistance after long long time. Important points to watch out for is spent some time before breaking out & Volume on the breakout candle is impressive. Resistance is being breached after multiple touches which already made it weak. Important Levels:- Entry:- 1910-1950 Sl:- 1790 on closing basis. Target 1- 2030 Target 2- 2140 Happy...
A good pattern which has made a box and now trying to break out an important resistance. A good strong closing above 300 should give some wings to the stocks. Stock is consolidating near its highs and important level which makes it more attractive. Important Levels to watch out for:- Entry:- Closing Near/Above 300 Sl:- 280 Target1- 318 Target 2-334 Cheers and...
Dabur is breaking 52 weeks high and very importantly with a trend continuation Pattern ( FLAG PATTERN ). A continuation pattern near its highs and break with good closing is very interesting. And as usual volumes which is also giving good signs for this bet to be good. I hope everyone is learning. Please let me know your views too. Comment below your analysis and...
Multiple touches marked on the trendline for the reference. Repeating once again that if a resistance is being tested again and again it becomes weak with every touch. Along with multiple touches we can now also see that price is sticking to higher levels and it is now creating a triangle as well. I have marked volumes too which will play an important role in...
A very good stock which might breakout as the volumes are suggesting that people are ready to buy now even at higher levels. If you will look at price action it will reflects a series of Higher Lows. Support taken at longer term trendline and halting near its higher levels can be a good signal too. Keep an eye folks it might be a good bet. Happy Trading.
A potential box breakout can be on the line. This stock is looking strong as it is holding its level even when nifty is retracing back. Volumes are also encouraging (Circled some for the reference.) But we don't need to jump into the trade if it does not halts at higher level before breakout. It needs to consolidation for day or two at higher levels before it...
A Cup and handle pattern and 200 days Ema just on the head. Closing Above 200 ema should be good to go.