52weekhighs
MOTHERSUMI, Swing/Positional/Long TermMothersumi 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. The idea I share is open to healthy criticism and feedback :)
State Bank Of India swingSBI 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 trade at your own risk.
SBIN Consolidating for a likely strong upmove24-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 be leading the banking pack.
looks like a good candidate for a strong move ahead.
Cons:
Below 320-294 range, the upmove may take longer and not sustain.
Large Cap, may likely take more time for its moves.
Move has possibility of getting disrupted due to RBI / Govt policies
Bank Of Baroda.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.
positional buyclose above 200 ema
macd crossover
at 52 week high - 176.80
positional long for target 181 - 215
deep stop 160
disclaimer - trade @ own risk
Dalbharat- Ready for a bang again.Last time i posted this chart it did wonders.
Hoping for the same again :P
Keeping things simple it has already touched its resistance 4 times earlier.
It is making higher lows as well.(Chart attached with price action marked)
It has been consolidating at higher levels means near it's breakout levels with decent volume too.
In daily time frame it broke out and now it has made a halting candle as well.
Best buy will be above the high of today's candle.
Fingers crossed.
Keep an eye folks. Cheers and Happy Trading.
IGL-Ready to make new Highs.Levels of 520 has been tested 4-5 times already which makes the resistance weak.
A consolidation near the highs give a little more confidence that this stock can go higher as price is sticking to the higher levels.
We will keep targets small for the beginning (Marked the smallest target with green line.)
Keep an eye folks .
Cheers and Happy Trading.
Wish you all a very Happy New Year and may god grant all the success.
May everyone's portfolio end in green this year.