stock formed triangle and broke the pattern with rising vol.
classical pattern target is very less but who knowes where the target is ,
it may go beyond ATH
add only 25% rest add on pull back keeping the sl 9% around.
after remaining in range for 8 months stock broket the resistance with heavy vol . buy 25 % on breakoing high of this canle . rest add on pull back ,
keep the sl 6 % from current price
simple price action
stock was in range earlier and after breakout gave nice move 42 %
now again same pattern forming with heavy buying seems someone is accumalating heavly
classic darvas box is forming
from last two days volumes are surging up
price is above all The IMportent MA
stock may run next rally above 460. so add 1/4th on breakout and rest on pullback
wit h 5% SL
stock fromed wadge and broke out. on pullback volumes were poor . now today volumes came in but candle showes bear dominance so wait for solid pull back confirmation . so keep eye on it.
if stock goes below trendline it avoide it.
keep eyes on Auto stocks . stocks are showing strenth . as we have seen tatamotors ,maruti and ashoklyland ,bharatforge all are forming kind of PA patterns and ready to fly. keep eyes on tyre companies and batteries also . sector may do well in upcoming sessions as well stocks.
stock is getting momentum and froming channel , volumes are rising with price moved above 200MA (bullish bias) throughout channel we have seen bullish vol spike , no major strong selling. price is also standing near horizontal support . market is currently bullish
keep an eye on it. on breakout entry can be taken with 25% quantity and rest on pullback.
look nice classical chart. check volumes of narrow bear spread while forming cup(seems like accumulation) and now volumes are rising with wide spread seems next bull move possible . either wait for pullback or u are aggressive trade just jump in .
price is forming rising channel and given breakout horizontal resistance. selling have been dried up. i belive in simple price action. if see deeply bulls have accumulated by showing wide spread throughout channel . today's candle is showing sellers pressure also. but closing is important and that is bull power.
cup and handle breakout and then retest with low volume. volume is coming with last bull candle .multiple candles are showing clear rejection from retest level showing weakness in selling. positionally long keeping sl at 495