RAMCO CEMENT A BREAKOUT POSSIBLE ABOVE 680
as fib charts we my see 10300..go long but with cautious
1. spotted head and shoulder 2. draw your neckline 3. enter on breakout of the neckline 4. incase you missed, re enter on the retest of the neckline 5. draw your target 6. book profits near the target
It is on the verge of a H&S breakdown suggesting 74.40/74.25 if 75 is breached.
So called Market experts charges upto 1lakh to share this type of things Yes those patterns do work but isn't the fees too high? Anyway posted Adani Ports previous day that it will bounce, so today If you were not able to find an entry this could be that!
BUY BAJAJELEC CMP 425 STOPLOSS CLOSING BELOW 380 TARGET 466,510
Understanding the market structure is an key element in Technical analysis. Rbl Bank has made this Head and shoulder pattern at a key level which is marked as black Horizontal line. Once it broke both the area Which is same in this case Give us double confirmation to go long In case if someone miss the breakout entry and who are not aggressive trader they can...
Even in a squeezing price range, Nifty has been moving and trades could have been taken using the simplest yet most effective classical chart drawing: horizontal lines (demand and supply)
UPL gave the breakout retested same level which was acting as previous resistance and went up. We cut our losses soon & trail our profits! This is how we have much better R:R and assure wining trades for us!
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Wait and Watch for breakout and trade safely... Personal view Support 10814--10706--10600 Rest. 10960--11120--11500
Tata consumer showed us how we should analyze the chart with price action theory! I shared all the best possible entries! Now analyze your own Did you ever look at the chart like this?