In hourly tf we can see that even though the rice is falling, The RSI has been building up momentem. Keep zeel in watchlist. a bottom has been made at 178. Good risk reward entry
Simple setup followed by ew ath breakout. strong fundamentals
.618 Fibonnaci level or 2960 is a crucial support for the stock. Also, it is respecting the 50 EMA. Less likely to breach.
1. Low bear volumes while pushing the price down. 2. Breakout from channel 3. The stock has been respecting the 50 EMA support post covid. 4. Dragonfly doji negating bears. Might break the PRZ
We have a clean breakout today accompanied by good volume. All the supply has been absorbed inside the channel. Should post a good move from here.
Look at the historic movements post 100. Currently the stock is facing resistance. Expecting a decent upside.
We have a double confirmation breakout. POC + Triangle breakout. Sept FNO trade should be good.
Its slowly and steadily building momentum. No reco. Wait for weekly closing.
Might reverse from the channel bottom. Takes support of the 40 EMA
It has a good respect for the 40 ema, Followed by the formation of a pinbar candle at the demand zone. Also, RSI takes a reversal near this zone, almost everytime.
No hardcore drawing this time. Clean bullish setup
Should probably reverse from here 1. Convergence with RSI 2. Pin bar formation at DD zone.l 3. Watch the RSI movement from the same position Historically.
I am pretty sure it can break the above resistance this time .
It has taken support of 1. POC 2. 50 SMMA 3. Support at demand zone.
Looks at the volume structure. All the major supply has been absorbed at the demand zone. The stock is ready for an upmove from here.
Found support at the last visible POC, Followed by double convergence. Also, good buy volumes can be found in lower tf. It is safe to assume that the downtrend has stopped. AN uptrend should be starting here
Fresh breakout followed by weak pullback and good volume
Mean reversion from demand zone. Trend has reversed. You can choose your picks.