52weekhighs
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.
Coromandel-Potential Box Breakout Another stock that has created a perfect box at the top. It has touched it's resistance 4-5 times already and even touched it's support multiple times but now it is sticking to higher levels and looking like soon the breakout is to happen.
Target is as usual difference of the box which i have marked with green marking.
I have already posted some charts in same pattern. Look at them for the movement tracking that what happens when this kind of box is formed.
Kuch log dekh ke kehte honge kya ek hi type ki chiz baar baar post karta rehta hai.
But remember agar ek chiz pata ho aur acche se pata ho to wo akela more than enough hai stock market mein paise banane ke liye.
Cheers and Happy Trading Ladies and Gentleman.