Bounce from lower levels in CHOLAFINAfter a long phase of consolidation, CHOLAFIN is showing signs of strength and moving higher. Could see higher levels going forward.
Positional Buy :
Company : CHOLAFIN-EQ
Entry Price : 642.6
Stoploss : 578.3
Target 1 : 706.8
Target 2 : 738.9
Time Frame : 1-2months
A-trend
Jamna Auto Analysis 17 Jul 2022 Hi viewer, hope you are doing great.
I am super bullish in this stock because it looks like flag and pole, if it breaks channel on the upside then, 52 week high will be achieved shortly and trail stop loss for more targets.
And your stop loss will be channel's bottom.
If you see the chart clearly, when ever it comes near the blue dotted line which is a 200 Moving Average support, it goes up.
Disclaimer : I am not a SEBI advisor, please consult your financial advisor before investing.
Thanks.
Have a great day!
INVERTED HEAD AND SHOLDER PATTERN ANALYSIS ON HINDPETRO 17.07.22BUY : 239 TO 211
FIRST TARGET : 330
Reason For Buying This Script :
In this script it is forming inverted head & shoulder patter in monthly time frame . Now the price is in right shoulder. Once the price close above 330 in monthly time frame and the next target 489. It has good potential to go life time high. Try to accumulate in lower levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
Wipro might take reverse from this time. 17july22.Wipro has one residence in the past @383 and it could become the support this time. If it takes reverse from here then we may book some profit.
entry@411
stoploss@374
target@444
Note: This is only for educational and learning purposes. Trade at your own risk.
Falling wedge pattern in PIDILITIND.PIDILITIND has been trading in a falling wedge pattern for the past few days in 1D timeframe. And in today's trading session has been given a resistance and take a reversal entry below 2300-2290. And reversal target up to 1915(Support level) after breakdown this support so his short target below 1380-.
Nifty Healthcare index analysis I have done Nifty Healthcare index analysis. It looks good for long positions. You can search for stocks from this sector with your own research.
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AUDUSD stays inside short-term bearish channel at yearly lowAUDUSD justifies its risk-barometer status aptly as it remains near the two-year bottom, inside a 12-day-long bearish channel. The quote’s further downside, however, appears limited in the short-term due to the nearness to the stated channel’s lower line, close to 0.6690 at the latest. That said, the 61.8% Fibonacci Expansion (FE) of June 16 to July 05 moves, near 0.6705, could offer immediate support to the Aussie pair. In a case where the bears refrain from stepping back from 0.6690, the 78.6% FE level near 0.6650 could gain major attention.
Alternatively, the 50-SMA level surrounding 0.6800 guards the immediate recovery moves ahead of the immediate descending channel’s upper line, around 0.6840 by the press time. It’s worth noting that a clear upside break of the 0.6840 hurdle isn’t a call to the AUDUSD bulls as the 100-SMA level of 0.6855 could challenge the advances afterward. Should the quote rises past 0.6855, the odds of its run-up towards the late June swing high near 0.6965 and then to the 0.7000 psychological magnet can’t be ruled out.
Overall AUDUSD remains in a bearish trajectory, despite the recently firmer Aussie jobs report and increasing calls about the RBA’s aggression. However, the downside room appears limited.
RELIANCE Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..