RAMCO SYSTEM SET FOR BIG RUNRamco system today gave ascending triangle breakout on weekly charts. Stock gave 52 week high closing with good volume. Expected to test 700 at least in medium term and break all time high in next 12 month.
52weekhigh
Targed done 2X in hind petro new rally to begin 2X Target done in Hind petroleum after forming inverted head & shoulder pattern I decided for the target of 12 % but it crossed the target like rocket and given 21% return till now and never touched it down again. now it has passed the retest from target line for more bigger targets and now trading around 52 week high. Enter with small SL after breaking the 340 level along with huge volume. SL will be 329 for less risky traders or you can enter with SL of 313 for at least 1:2 Risk Reward.
HDFC Life Insurance - Inverse head and shoulder BOHDFC life has given proper Inverse Head and Shoulder Breakout.
First target - 780
Final target - 975
We might see some good resistance around 740.
This is not a trade call. It is just my personal opinion. Take your SEBI advisor advice before investing/trading.
POSITIONAL SALE TRADE ACTIVESCRIPT 52 WEEK HIGH @ 2457
CMP @ 2400
BULLISH BAT COMPLETION LEVEL @ 1700
OVERALL ALL OSCILLATORS SHOWING NEUTRAL OUTLOOK
SALE NEAR CMP LEVEL KEEPING 52WEEK HIGH 2457 AS STOP WITH TARGETS
T1 2378
T2 2250
T3 2123
GRANULES INDIA SWING IDEAGranules has broken out of a triangle pattern after contracting for a sometime. The stock has shown good relative strength and has reached near its 52 Week high.
It is above all the major Moving Averages (20,50,100,200)
A swing trade can be initiated once there is price action confirmation above the breakout and one can enter after a pullback.
Risky players can enter without waiting for a pullback but don't forget to keep a strict stop loss in place.
Indicators :
Trade as per your RR. This is not a recommendation and the post is only for learning purposes.
NSE:GRANULES
