1. Stock is in very strong up trend after the corona correction.
2. Stock has the very strong resistance zone at the higher levels (shown in chart).
3. After touching the resistance zone, stock falls 2 times to Fibonacci levels and starts rising to cross the zone.
So that, I recommend to take the BUY position when the stock crosses the above Strong resistance Zone.
1. Stock forms the ascending channel. Now, which was broken.
2. Stock is in Downtrend from 2 Months and breaks the Long term ascending channel and also forms the Descending Wedge which looks strong bearish.
So that overall view is "Strong Bearish"
Take the position only after the Breakdown from the Descending Wedge.
1. Stock is in strong up trend in weekly and daily time frame.
2. Stock forms the Ascending Triangle in Daily Time frame.
( Both gives Bullish view on stock).
3. in Hour time frame, stock forms the Ascending channel.
Buy - when the stock gives the breakout.
1. Stock is in uptrend ( bcz price is above the trend line ).
2. Stock forms the H and S Pattern above the trend line - which is the sign for the reversal.
3. if the stock failed to make next HH before the break of the trend line- which is the sign for the reversal.
Recommendation - SHORT:
Take the position (short) only after the...
1. Stock forms the symmetrical Triangular pattern (which is neutral pattern).
2. if the break out happened with good volume then go for BUY blindly ( Target will be Shown trend Line)
3. if the break down happened with good volume then wait for retesting before taking the SELL position (Target will be the Shown Horizontal Line)