Place your targets and stop-loss according to support and resistance lines drawn.
The price took support from the trend line. Long position can be taken, watch out for bank nifty before trading.
Place your target and resistance according to support and resistance lines drawn.
A 3rd lower high shows weakness, so short with given targets and set stoplosses according to support and resistance drawn.
Triangle breakout with good volumes can gives a signal for a long position, the stock is likely to go up or trade in a small range. Well the news of lockdown in some states can take prices lower, take trade according to market sentiments. SL for long positions - 228, SL for short positions - 235.
According to zig-zag pattern, the price should go in the range of 590-595 in upcoming days.
A very good opportunity at jswsteel. Check for nifty trend before investing. This is for educational purposes, invest at your own risk.
Possible support and resistances are given, place targets and stop losses accordingly. Trade in the range or wait for a breakout below the range.
TRADE THE SMALL TRIANGLE BREAKOUT. LONG POSITION - target - 2280, SL - 2200. SHORT POSITION - target - 2185, SL - 2230.
Trade the triangle breakout. Go short if the price crosses the red line with target of 129 and SL - 132.50. Go long if the price crosses 132 with a target of 133.8 and SL - 130.9.
The possible support and resistance are given. Trading the small range breakout is advisable. With lockdown in some states, the price should further go down. This could be a possible pullback, but with the lockdown restrictions in some states and increasing coronavirus, the sentiment of the market could result in a red candle day. As the big support is broken on...
Possible support and resistance lines are drawn, place your targets and stoplosses accordingly.
Very good for intraday traders, for positional traders wait for a breakout.
The breakout could occur from triangle or the stock can stay range bounded for some days. Watch MACD, the stock is likely to move up or down in upcoming days.