Scrip Name: Sun Pharma
Setup: 52 Week High / Breakout / Positional Trade in Uptrend
Entry zone - 750 - 830
Support zone 1 (750 - More positions can be added in this zone if your risk allows),
Support zone 2 - 650
Stoploss - Prices moving below 650 should wake us up
Note: Sun Pharma Promoters has a pledging of 6.36%. Any increase in this (beyond 10% should be a...
The stock has broken out of the pattern after a consolidation phase and supported by very high volumes.
It is expected to follow on the trend and can be bought at current levels for targets of 838 and 900 in near future.
The stop loss can be maintained at 775 level, which was the resistance level before the breakout.
Supporting technicals:
RSI: 66 (Bullish but...
Grasim is trying to give breakout above 1480 with volume.
Soon after breakout, 1525, 1550 & 1600 tgts are on the chart.
its uncharted territory, and 52week breakout.
24-May-21
NSE:SBIN
SBIN has made a new ATH and is consolidating for a likely strong upmove.
Coming few weeks it may consolidate between 371 to 416 range.
If in coming 4-6 weeks manages to sustain above 371 - 415 range, then most likely targets are 458, 523, 580
Fair possibility of 650 exists if the trend remains intact.
Pro's
Currently seems to...
Mothersumi has taken support from the resistance turned support at 235 and the uptrend line to form a pole and flag pattern. Watch out for a break above the upper edge of the flag and the 52 week high for a target of fibonacci pivot.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same....
SBI swing trade idea, my predictions are that it will make a new 52 weeks high but if you are a risk-averse trader exit on resistance ie target price mentioned in the chart, and if you are willing to take more risk wait for 200 days ema to cross above 50 days ema/50 days ema to close below 200 days Ema. I have shared this idea for learning purposes only take the...
Bank Of Baroda May Be A Good Opportunity To Trade.
It Comes From A Tringle Pattern With A Volume Which Indicates That It Might Go Upside toward Its 52 Week High.
Target 100
Sl Below The Tringle Pattern
Make Sure You Trade According To Your Risk Capacity.
The Breakout Is Seen In A Daily Time Frame So It Can Take 20-30 Trading Sessions.
it closed near 52W high on weekly chart.
it is continuously taking support at 20W SMA.
volume is above average volume.
RSI above 60 on weekly chart, indicating bullish strength.
Weekly ADX is above 35, indicating strength in momentum.
Just a very simple setup based on Supports and resistance. Stock has broken its 52 Week high which indicates strength. So buy will trigger above 1028.2 with Stoploss of 982.
Orient cement is an awesome long candidate. Stock is reaching it's 52W high, crossing that will give it more strength. So the idea to buy the strength and ride it. So long trigger will activate above 96 with SL as 92.5.
