Reliance has formed a bullish engulfing with high on 03Nov2020. RSI has moved above 30 on engulfing day and Moving average line was very distant from current market price. This gives more confidence on trend
Indusuind bank has formed a morning star on 28 Jan 2021, a doji has formed in bearish trend with above average volume. Next day a bullish candle has formed with high volume, gives confidence in morning star. Our
Adanipower has created a runaway gap on 08June2021 with very high volume. Next day bears tried to push the price down but bulls retained their position and closing on price 09June2021 was equal to high of runaway
NTPC has formed a triangle pattern and breakout has happened currently. High volume and bullish trend gives confidence on this breakout. Can make entry if tomorrow (10 july 2021) candle is bullish. Stoploss would
NTPC has formed a hanging man on July 2019 with below average volume. The bearish trend on the next with high volume gives us more confidence to short the stock. Stoploss would be the top of hanging man candle.
Gail has formed a breakout and runaway gap down on April 2020. Runway gap with high volume indicated strong momentum. Entry price at 78 when price starts moving below the runaway gap candle. Stoploss at when gap
IOC has formed a double bottom pattern on Sep 2019, Volume was average. Interestingly a flag was formed after the double bottom confirming the bullish trend. Entry was at 128 when price moved above the top between
Cipla has formed a piercing pattern in March 2021 with average volume. Entry would be at 780 when price starts moving above the piercing candles. Stoploss at 740 low of piercing candles. Considering Risk to reward
Kotak bank has formed a flag pattern on October 2020. Steep pole was formed with high volume followed by horizontal flag forming for 4 days. Entry price would be 1597 when price starts moving the above the pole.
Axis bank has formed a bullish engulfing with high volume providing a good confidence. Entry price is top of engulfed at 675. Stoploss would be low of the engulfed candle 617. Considering risk to reward ratio as