My charts (and yours too........)

dhootankur

Well-Known Member
Polaris looks another candidate for BO...reason for crossing downtrend line this time as per me are :

1. If you look at last two down swing with stochs & RSI, little divergences has appeared.
2. Last, y'day candle gaps up. Quite possible showing that professional has entered into it. Its just my view may be wrong ( :cool: )

168 level looks as BO level, y?
1. 168 is level where this trendline is coming as barrier.
2. 100 & 200 EMA is also coming down at 168. So watch this level on closing basis with volume, if yes then good upside can be seen in coming time.


Polaris as expected faced resistance today at exactly 168...so now need to watch 2morrow this level to cross and close abv with good volume to be classified as BO. If thinking of entering then do watch this level with volume 2morrow.
 

dhootankur

Well-Known Member
Oswal chemicals looks like has made Cup and Handle Pattern and now trying to make a break. Let's c 2morrow or in coming days if it can cross 23.50 - 24 with Good Volume, if this happens then we can see near 30 after BO as 1st tgt and near 40 2nd tgt.

20 - 19 is good support as of now.


OSWAL Chemical as suggested some days back given a BO today after 24 and touched 25.90...but volume is only concern in this case...can be a false BO...need to watch volume in coming day, if yes then can find a valid BO...but intraday gain was quite good....