IGL is bouncing off again from its medium term support, same as it did a month and a half ago. The stock bounced off this support the last time, went to the resistance at 580 and came back to its support. The stock's price action today is indicative of a bounce again at this trend line and 200DMA support. The candle formation is also of 'morning star' type with...
SESHAPAPER is trading at confluence of multiple support zones: 1. Trend line support 2. 200DMA support 3. 200WMA support Confluence of all these supports makes us bullish on this stock. Longs can be initiated with 225 resistance as target.
SBICARD is exhibiting reversal at multiple supports: 1. Trendline support from previous lows 2. 1.618 Fibonacci support 3. 200DMA support Further, RSI also touched 30 level and reversed. We are bullish on this stock, expecting the price to reverse to ATH of 1139.
IGL has bounced from its Trend line support from where it has bounced multiple times in the past as well. This bounce also coincides with 200DMA support. We are bullish on this stock with 560/580 as short-term swing targets.
HINDZINC seems to be reversing from long term trendline from Mar'2020. The price is also at 200DMA and is exhibiting bullish RSI divergence. Seems a good long candidate, heading towards 350.
ASHOKLEY is bouncing off from its trendline support which and also at 200 day moving average. 121 is a resistance which if crossed would be bullish on the stock. It would make sense to start building long position with full position on daily closing above 121. We can expect a target of 135 which is the previous strong resistance on the stock with 112 as the stop.
Price at major support levels, 200 day moving average is coming closer, can expect a bounce after touching 200dma. It's a positional cash buy.
Multiple patterns in play (see chart). One can add this to watchlist and track for breakout with volume confirmation for entry. 1) Trendline Breakout 2) 200DMA support and Reversal 3) Support and Reversal
Maruti Suzuki price at very important level where-in one can see multiple patterns/price action 1) Testing previous resistance 2) Approaching 200DMA 3) Approaching previous consolidation area Price is in imp area to keep watch and add this to your watchlist
Globus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.
AAPL is hovering at its upward trending channel support and also at the 200DMA support. Looks like a good place to go long.
A wedge pattern is a strong retracement after a big move .... always good to trade on such lvls when broken 50,100 and 200 demas.
Eichermot broke out exactly at the 200DMA. Good zone for potential upside from here. Will be trading every rally for a couple more weeks. If nifty also starts to move it will be catalyst for Eichermot.
Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place. Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or...
TORNTPHARMA is taking support at 200DMA and reversed today with decent volume. Looks like a good place for long entry with stop below yesterday's (18 Jan) low.
(Swing / Positional Trade) | RR 1:4+ | Type :- Breakout Reasons To Trade 🤔 :- Breakout Of = 200DMA + Flag Pattern + Pennant Pattern - Symmetrical Triangle Pattern. Entry :- 180 Stop Loss :- 172.50 Targets :- 1st= 190 | 2nd= 200 | 3rd= 210 (Risk Must Be Managed.) Keep Your Eyes On Index Follow For More 🤝 Give Me A Thumbs Up.. 👍 Comment Below 👨💻 ...