technicalpandetji

Looking at the daily time frame chart of NCC (national cadet corp), it has a good technical view of an uptrend with all the technical support of moving average, relative strength index, and also of  few trend lines. 1. LET'S SEE ALL THE TECHNICAL ANALYSIS IN DETAIL  A. Trend line  Looking at the image below we can see that there was a big downtrend which is broken, reversing the trend from downtrend to uptrend. After broking the downtrend line it moves up to the price of previse support which is now acting as resistance. Here comes the strong volume of the buyer and broke the resistance. To understand deeply I have explained the trend in the below chart image.  B. Moving average One of the secrets to the success of a big trader is the moving average used in their trading chart to find the trend. At some time moving averages also act as support and resistance to stock price. The most used moving average is the 20-period moving average. Using the 20 moving average we c...

 Looking at the daily time frame chart of pidilite, it has good technical support for bulling the price of stock.The RSI above 60, and also the strong uptrend of stock price 20 day moving average.with these all plus point it also have broken a strong resistance at 2750 with high volume.keep a stoploss at 2735 we can buy this stock making profit of 6-8% in next two weeks. see my last blog about bank of baroda  https://technicalpandetji.blogspot.com/2022/08/technicalpandetji-on-bank-of-baroda.html