Nice Example of Range Break in Bank Nifty, below is my prediction for today. BUY -Target 30150 if market sustain above 29800 SELL- Target1 29490 if market sustain below 29775 Target2 29008 if. market will slip below 29450 N.B:- check with your financial advisor before Trading or Investing. it is totally tutorial purpose.
In this chart, Price is making a particular range and this is the example of range trading strategy. We can take entry when price breaks the range and PRICE close above or below the Range. I will make study so Trader can use and take profit from this Strategy.
This is just the follow up chart of what I posted in the last week. We can see a breakout in weekly time frame.
after 3 months of consolidation, M&M has given breakout on upside,it's better to enter aroung 650-660 levels for a target of 720 on daily time frame.
Last time i posted this stock on 13th of October and since then it kept me waiting for the right time. I clearly mentioned it needs to halt before breaking out and that is what it did. Previous Posted Chart for the reference :- Waited for almost 20 days and then gave returns of 10% in a day. This is what is important in trading Waiting for the right time....
SRTRANSFIN is near 800 level, which is a strong resistance after march crash, however it has been tested multiple times, but this time it has also crossed 200DMA and trading near 800 level. it looks it could retest 750 levels before giving breakout. once it breaks 800 level. 800-960 levels openup for upside. RSI is at 68 on daily scale and RSI is at 56 on weekly...
Relaxo has broken the range in which it was accumulating for past few weeks. Can easily see the targets of 750 levels in upcoming 3-4 weeks.
Maruti given a flag pattern BO in last trading session with good volume. If sustained over 7130, Buy can be initiated and there are several hurdles like marked in the chart. Sl to be maintained below 6970.
watch for breakout on either side with volume as confirmation
INDUSIND BANK break it's resistance level and now it is trying to test 600 levels from this level in this week or next.
Last week, I had posted charts of COALINDIA forming a descending channel and also predicted a breakout in the coming days. Here it is, this may not be like a 5-10% trade or something. But a 2% is enough for intraday. The trade involved no risk and very easy to spot as the volume rocket from 100k to 2.9M as the breakout happened. This was to show the power of...
1. Spot a breakout 2. Entry with the breakout 3. OR entry at the retest of the breakout Trade safe!
kotak bank can give a breakout from flag pattern and will be go upto 1375 with small SL@1330
M&M finance broke out yesterday with a head and shoulder breakout in the 60 minute chart! It was a very good entry! Now another entry could be IF the breakout/MA is re tested.
MULTIPLE CONFIRMATIONS GIVES CONFIDENCE AND APPROVES STRONG TREND 1 RUPEE STOP 4.5 RUPEE TARGET RISK : REWARD = 1 : 4.5 FANTASTIC TRADE NSE:CIPLA
BREAKOUT EXPLAINED BEST ENTRY WHERE TO TAKE PARALLEL CHANNEL FORMS KEY SUPPORT DURING PULLBACK MY CPR AND FIB LEVELS GIVES US THE TARGET PRECISELY