Power of 200 WMA, astonishing! At present a Double Top pattern on weekly chart is seen. Price is holding at the breakout point for last 4 weeks. Breakout will take price to new heights. Immediate targets can be 1800 to 1850.
200 WMA has ability to deliver. The stock made steep upside move taking support at 200 WMA in March of 2017. Then corrected for more than a year forming a Falling Wedge pattern on weekly chart. Seems, correction has been through. If this pattern triggers, 100 points gain may come by. Low risk investment. SL may be kept at 230-228.
200 WMA plays a significant role in deciding the long term direction of a stock. The present case is a recent one and a bright one also. We see how price moved sharply after crossing 200 WMA. Today price has moved above the Double Top resistance. So this is a breakout on weekly as well as daily charts. I covered this stock when bullish Flag was formed on daily...
Entered on 3 Aug 18 on 1140.90 with a stop loss at 1087.40 TSL 0.00% update on 7 Aug 18 from 1087.40 to 1140.90 Current Trailing Stop loss = 1140.90 In case of hitting stop loss there will be no profit as TSL is set to cost but not gonna loss money.
Is BANKNIFTY' in Sell on Rise Mode? Who protect BANKNIFTY' from falling? #1. NIFTY' PVT' Bank: Struggling - Probability of Flat to "-VE" Return. #2. NIFTY' PSU' BANK: Exhausted - Probability of "-VE" return. Education Purpose Only.
3352 - 3363 looks Crucial in Upside. Potentially trending with "-VE" bias. BIAS of Stocks in Constituents of Nifty PSU Bank Index. In "-VE" Bias: BANKBARODA', CANBK', IDBI', INDIAN Bank', ORIENTBANK', UNIONBANK'. In "+VE" Bias: ALBK', PNB' Neutral: May be Flat to "-VE" Bias: ANDHRABANK', BANKINDIA', SBIN', SYNDIBANK'. Education purpose only.
Gap Fill: Failed Inside Bar Failed Doji Live and Profitable
It seems a good bounce from trend line. But, I am expecting a breakdown of the channel towards 1367/54 level. Let's see where does it go. Your all view will be appreciated in the comment box.
Entered on 3 Aug at 15.60 with Stop Loss at 13.55 Update Stop Loss on 24 August from 13.55 to 18.40 Current Stop Loss is 18.40 In case of hitting Stop Loss, confirmed profit of 18.40 - 15.60 = 3 points
Entered on 24 July at 4050 with Stop loss at 3783 Update Stop loss - 1 from 3783 to 4137.05 on 8 August Update Stop Loss - 2 from 4137.05 to 4175 on 16 August Update Stop Loss - 3 from 4175 to 4200.05 on 20 August Current Stop loss at 4200.05 In case of hitting Stop loss, confirmed profit of 4200.05 - 4050 = 150.05 points
Entered on 13 August at 1998.95 with Stop Loss 1960.50 Update Stop Loss from 1960.50 to 2004 on 24 August Current Stop Loss 2004 In case of Stop Loss hit, Confirmed Profit of 2004 - 1998.95 = 5.05 points
Entered on 27th July at 530.90 with Stop loss at 515.15 Update Stop Loss on 6 August from 515.15 to 529.40 Update Stop Loss from 10 August from 529.40 to 549.60 Current Stop Loss at 549.40 In case of hitting Stop Loss, confirmed profit of 549.40 - 530.90 = 19 Point
Entered into trade on 16th August at 148.40 with stop loss at 139.25
Entered on 13 Aug at 307.15 with Stop Loss at 295.55 Update Stop Loss on 20 Aug from 295.55 to 305.10 Current Stop Loss is 305.10 If Stop Loss hit, loss of 2.05 points
Enter into this trade at 909.80 with stop loss 879.40
Entered on 8th August at 123.45 with Stop Loss at 116.75 Update Trailing Stop Loss on 17th August from 116.75 to 123.75 Update Trailing Stop Loss on 24th August from 123.75 to 127.60 Current Stop Loss at 127.60 In case of hitting stop loss, confirmed profit of 127.60 - 123.45 = 4.15 points
Entered on 21st August on 1163.85 with Stop loss at 1123