Look at the rally whenever 5*21 crossover happenns. We have a similar crossover this time. Also, note the bull volumes in the recent trend.
POINTS - 1. Weak pullback with low volumes 2. Watch the strong volume fill in freen candles 3. Aroon crossover with 5*21 EMA crossover
A similar pattern was observed in CDSL near 1200 levels. A big SHORT was created to remove the retailers by lowering the price to unprecendented levels. CDSL made a high of 1600 in next 2 weeks.!
Watch!! Whenever the RSI hits the LL band, we see a massive move in HUL price! We have the same set up this time, followed by a 200EMA support.
Couldn't find a stronger support! Pin bar formation at - 1. Demand zone 2. Bottom of a parallel channel 3. POC support (strongest). 4. 50EMA support. Poised to meet the upper end of the channel.
It is safe to assume a bullish setup. with SL as last bar's low.
BN has formed an extended wick at the supply zone. It is favorable to short, if the first hourly candle closes below previous close and inside upper BB. View negated if opens gap up.
Standing on a strong demand zone. There are good chances of a reversal from here. The RSI has shown +ve momentum. View negated below 1670 close.
It needs to sustain above 42500 for a fresh breakout. The next target 47000 can be attained.
Beautiful Price action structure. The stock has a tendency to take deeper retracements post BO. Watch how much volume is generated while the stock is near 50 EMA. Poised for an up move
More likely that the stock was covering the huge gap. The gap has been filled and the stock is ready for an upmove.View negated below demand zone close.
Poised to give good returns. Beatiful price action structure
Is in the process of retesting the upper end of the channel and supply zone. More qty can be added at these levels. A bounce would be ferocious!!
There is a niche concept of consolidation and breakout going on at the moment. Poised for an upmove from here!! Keep SL as today's low.
wait for a daily close above 112 for an entry. Good upside possible. keep stoploss as 105
If the retest sustains for another week, we can expect a massive move. Positional bet
The entry(154), target and SL are marked. Bullish setup
1. Reversal of polarity 2. Watch out the intact support of 50EMA every time. 3. Pennant BO Futures trade can be taken. Stop loss and Target is marked.