Perfect on-neck pattern breakout on daily chartA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:SPARC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Dailylong
GU to create LH Hello #letsdothis
Am looking at GU and I'm seeing price is bullish right now but it is creating a LH @1.225 which looks like a nice fib retracement in the daily it has been consolidating for several weeks and right now its about to break the range but I'm still seeing GU dropping I won't say when but GU will drop
Only if it breaks the Weekly High will I say it's gonna rise which am not seeing happening let's see how it rolls (it's about to be bullish this week but bearish overall )
NB: nothing is guaranteed 100% in the market we just give our opinion.
DJY - DOW JONES - Long - Daily After Break -DJY is about to break to the upside, unless a deeper correction starts.
Buy after break of consolidation
This might be the beginning of a 1-5 impulse to the upside, if it is not the correction may last longer for an ABCDE
or as part of a larger correction to the downside.
Short-Term Daily Look for a break to the upside to buy.