Positional Scenario is for Long Trend. For Intraday on 1st June. Buy Above 19400 - Target - 19600-19800 Sell Below 19100 - Target - 18800-18600
Perfect bounce from the demand zone. Added when everyone was onto this stock for the last move upward and then booked profits when the momentum slowed down and broke the uptrend. A move straight from the textbook
All we need to look around our surrounding to find multibaggers nothing else And some technical knowledge that's it
Range Breakout seen
My target was 2035 which was near resistance and i was bullish bcoz there was bullish divergence in RSI. Morning there was gap up above blue line so i was not sure. i observed few candles for confirmation. First confirmation, second red candle took support on blue line. Still i was not sure. So i was waiting for second confirmation and on 6th candle it took...
Short term inverstment idea.
Just posted chart for learning purpose, please note the retracements levels bounce from key levels. How stock behaves at key levels marked to form price action on downside when the latest swing was marked using fibonacci retracement After Forming W Pattern at bottom, confirming through RSI Divergence, 1) First Retracement to 38.2% levels, then came down 2)...
Axis bank have multiple support levels to look out Checkout charts for price levels
Even though Ashok Leyland doesn't fit our investing framework, posting this in case it will be useful for already invested investors
Stocks dont double over night They need time some time months some time years If you see the 3M India in longer time frame stock doesnt move for years. That is when you ability will be tested and who stayed in the course will only be rewarded at the end So as an investors be patience until noting changes fundamentally in a company
How to trade Cup and Handle pattern? The Cup and the handle pattern is basically the retracement from the prior top to about 1/3rd of the vertical height of the cup. Cup and Handle pattern can be seen both as a bullish continuation or reversal pattern. Cup The Cup is usually “U” shaped and may be considered as a rounding bottom with almost equal highs...