NTPC | will it achieve the target comment below ?#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY
Target = 113
stoploss = slightly below the support zone
LOT size = 5700
Expected profit = around 1 Lac per lot
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50sma
BALKRISHIND FIGHT AGAINST 50-100 SMA !!!BALKRISHIND good upward breakout from downtrend channel.
No doubt it will break the 50 sma and it will rally to 100 sma but 100 sma is a strong resistance for balkrishind because previously twice 100 sma has rejected the price from going up.
target 915-920; sl 805
#LICHSGFIN - Falling ChannelLICHSGFIN is trading in a downward-sloping channel for the past six months. Today it has given short-term breakout above swing high of 577 which coincide with 50-day SMA. It has now resistance around 590-591 trendline zone. It needs to close above falling resistance trendline for trend reversal which will take stock towards 660-675 zone.
TATA STEEL FLAG PATTERN BREAKOUT TRADE-stock managed to break-out from its flag pattern on 19th dec
-it also found new support @50-dma (700)
-macd has shown positive crossover
-rsi is shown momentum
-it looks like we will test 730 before we enter oversold zone
PLEASE LOOK IN THE CHART BEFORE INVESTING.....
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