NFL (Retesting after Breakout)

After giving breakout on trendline, stock is taking support on the same. Breakout came with higher volumes.
Retracement of rsi is more than the price which is a good sign. Stock is also above its mid and long term moving
averages. Keeping 26dma as stoploss, long position taken in NFL for short term.
 Cup and Handle Formation In NFL

Along with trendline, cup and handle formation is also clearly visible in the stock
 Cup and Handle Formation In NFL

As per expectation, stock started rising. But trend strength is lower than required as stock is not able to take
out three black crows high, even after 9 days of trade after doji formation at bottom.
So, this trade is closed at 8% profit.
 Donear Ind(Getting Ready For A Breakout)

Donear Industries is getting ready for trendline breakout. Short term trend is up as per supertrend indicator.
Stock is above its moving averages, positive divergence clearly visible on rsi indicator.
 Donear Ind (Breakout Done)

Stock price crossing trendline with increasing volume, MACD also crossing signal line, trade initiated at 98.9
 Donear Ind (Reaching Congestion Zone)

Stock moved as per expectation, But now reaching it’s resistance zone and rsi is also near to 80.
So, booked 12% profit in 5 days.
Donear Ind (Reaching Congestion Zone &
Forming Doji Indicating Indecision)

After reaching to it’s resistance zone, stock started moving downward.

 Som Distelleries (Getting Ready For Breakout)

Reasons to buy: Positive divergence on rsi, inverted hammer followed by a long green candle is a bullish sign.
Trade initiated with low of inverted hammer candle as stoploss.
 Som Distelleries (Breakout Done)

Stock given breakout on very next day and also given breakout on bigger pattern i.e. broadening formation with
very high volumes. Because of short term view trade closed at 5% profit.
 APTECH (Done And Dusted)

Aptech limited was trading in a range and stock price range is narrowing itself to flat bottom descending
pattern(fbdp),one in between other. As shown in chart, stock made a very small fbdp on 15 may. Long position
initiated at 430 because of positive divergence on rsi and darvas box breakout on the charts. Stock breakout above
smallest pattern first then second one and then biggest pattern. Stock has potential to go much higher. But
because of short term view and rsi at 80, position closed at 473 with 10% profit.