We just broke a multi-year trendline, and now we have a perfect bullish pennant which leads to a target around $780.
This analysis is purely based on Price action. The analysis is done on monthly chart hence it may take one month to several months to achieve the final target. Traders must keep this in mind while trading. As can be seen from the chart, 815 level is a MULTI-YEAR support level for the price. After multiple rallies, price has come down to test the support level...
This analysis is done purely on Price action. Analysis is done on weekly as well as monthly Time frame, hence it may take few weeks to couple of months to reach the Upside potential target. Monthly chart is posted here to make viewers understand the stock movement in a better way. Logic behind selecting this stock is shown in image itself. Also the stock...
A massive triangle has been forming on the weekly Platinum chart. Best is to wait until the weekly candle has broken through the 2020 highs with sufficient force. The riskier trade would be to wait for and entry around $750. In case the $750 resistance doesn’t hold, look for an entry around the 2020 lows. Targets 1-4 are based on previous highs throughout the...
Crisil is breaking out from a resistance after long long time. Important points to watch out for is spent some time before breaking out & Volume on the breakout candle is impressive. Resistance is being breached after multiple touches which already made it weak. Important Levels:- Entry:- 1910-1950 Sl:- 1790 on closing basis. Target 1- 2030 Target 2- 2140 Happy...
This is about positional trade opportunity (monthly or weekly) in Supreme Industries (a leader in plastic products sector). As can be seen in monthly or weekly charts, 1476 level is acting as a multi-year resistance and the stock price has again come near that level. It has tested that level multiple times, hence chances of its breaking are high. If the stock...
This is a MONTHLY CHART - so patience is the key. Don't get disappointed in daily pullbacks. From the year 2000, there has been a resistance around 540. In 2018 there was an attempt to breakout but the RSI was already overbought and there was a bearish divergence due to which the stock didn't get the required steam to fly. However from April 2020, we have seen a...