Just need to wait for trend line to break with volume support as 3 Candles of 4 Hours has shown sign of recovery and reversal,could be sharp upwards move as last 12 hours buyers are in control fro the stock.
Triple Dhamaka is about to happen in Bajfinance be sure to Grab this opportunity, Check below : 1) Bearish Engulfing 2) Triangle Breakout 3) Volume & RSI Divergence And moreover Option chain data also shows that writer is quite betting on CE side rather than PE side.
Volume Divergence is still intact and Friday OI data suggest huge interest in CE side which will lead the stock to fall further
Such a power supply in Bajfinance , stock traded 9 session in its resistance and support and in just 2 session its took to come out of it. Further strength to be continued.
A clear and simple combination trend and volume analysis, to make some quick money believe me simple analysis work, just a thing is to grab your short opportunity.
A simple trend following , rising wedge, higher high's, respecting trend lines, all three sequences in one chart.
Stock still respecting its near Support & Resistance , time for a beautiful strangle option selling and continue to ride fun.
Yesterday stock again tried its best to cross its multiple time tested resistance level but again it fails to do so, it could be another consolidation and will take some time to confirm its another new swing high.
Stock trading in Range for Quite few trading session looks ready for breakout in either side, 855 is crucial level.
I would like go long on Wednesday July 15 Market as its took and respected its support And sellers were not able to take down the stock further down, and 4 hour candle suggest good momentum and this type of hammer candlestick pattern one day time frame I always look for.
Bharti Airtel has been trading now for quite some time in range and has tested its resistance multiple time which makes now the resistance weak, just with little volume support it will be ready to heads towards its next Resistance Level No.2
After making couple of higher high's and Higher Low's now it has failed to sustain and broke the trend line also , if it will open negative it could be turned out as good stock for shorting today.
Kotakbank is ready to give a Explosion on either side after contraction, be ready to grab the opportunity.
Simple things and analysis make money in this market rather than filling your screens with patterns and indicators, A clear breakout is is visible in HUL after few trading sessions in 4 Hour chart , its clear coming out of its range now and heading towards creating new higher highs.
Possible breakout could be seen in crude oil during Monday trade as it will come again to test its Resistance level for second time after sharp fall and sharp recovery, lets see who will take control bull or bears, my view would be on positive side.
Multiple rejection and now consolidation at support and Resistance level looks like according to me that it should retraced on Monday at its Fibonacci level & which is its support level also .
My Personnel view that this higher high formation will continue and hedging call for Monday via Protective Put or Covered Call Strategy will give significant amount of money .
Long wick at weekly resistance denotes a good resistance, my view is quite bearish for this stock.