Bandhan Bank has broken a long term resistance and has confirmed the breakout.
Can enter on retest around 400 levels. The next resistance level can be considered as an easy target for a swing trade.
642 region was a long term resistance for HDFCLife. It was first touched in October 2019 and later tested twice, but couldn't breakthrough. On 17th November the region was broken with a long green candle and the region now acts as a Support.
Also, the EMA bounce concept supports a long entry. The price had entered the region between 10 & 30 EMA and now has come...
GAIL has broken the resistance around 106 levels with a strong green candle and a good volume.
Seems like a long opportunity to the next resistance level marked on the chart.
Entry can be taken on a retest of the broken resistance level.
The stock seems fundamentally good. Got a 10 EMA cross over above 30 EMA a couple of days ago. Price entered the range in between and gave a bullish jump above 10 EMA.
The marked target seems easily achievable. May also hold on further until the 30 EMA breaks the price downwards.
The price has entered the range in between 10 & 30 EMA and has closed above 10 EMA with a good green candle. Seems like the beginning of an uptrend. 10 EMA has crossed above 30 EMA before a few days and we have got the rebound confirmation also. 15% target possible in a few weeks.
Mahindra & Mahindra seems very bullish. Created a flag pattern on the 1H chart. Broke out from the flag and has slightly retested the support. Entered on the swing low where it touched the 20 EMA.
Strict exit on SL as there's no guarantee of an up move if the price reaches the SL area.
Relaxo Footwears have broken out of the Channel/Triangle pattern and has retested the breakout area. Entered long with strict stop loss. If going further below, better to exit without a second thought.
Possible target just below a recent resistance area.
