Action
Ajanta pharma - bullish triangleThis chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.
Wait for the breakout.
Confirm it is clear breakout with volume.
Buy with the help of technical indicators like macd, moving average, pivot points etc
Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps .
Also this is not any recommendation. Trade at your own risk.
LT : Upar Jaane ka RaastaLT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details.
Key levels are marked on chart for the upward movement and positional trades.
The stock saw short covering when it touched 900 leading to an immediate rebound.
The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels (10Lakh) with 900 being the support (3Lakh).
So there is a definite bullish bias to the stock.
Positional Intraday Ideas:
Go long above 930 for 945, 965, 980 with SL at 910; Trail SL after 945
P.S. You will need to zoom out to see the long term FIB retracement levels for key supports and resistance levels.
Breakout from a Consolidation Base - FDCFDC manufactures allopathic pharmaceutical preparations. The company operates in manufacturing and marketing of oral re hydration salts (ORS) and ophthalmics. The company has also set-up globally approved, multi-location manufacturing facilities for active pharmaceuticals ingredients (APIs) as well as finished dosage forms.
The stock broke out of a consolidation base on very good volume and is trading in an ideal buy zone. The key level of trend is at 241 and the critical level at 230. The stock has witnessed minor selling pressure and has found support near its previous high at 272. The ideal entry zone is between 272 and 285. With an invalidation level of 248 the stock has a potential to move towards the zone of 326 and 338.
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Interesting twists, who is taking action and why?There is lot of twists herein:
By the looking left to right , while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfec t but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart.
Very interesting:-
Who is selling?
Why selling?
Insider created fake break-up?
Investors will wait for new New low...!
War begin s between buyers and sellers:
Support has been already taken and price tries to move toward the control price.
Tatasteel footsteps for you...!Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold ( Friday )
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Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to buy.
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tail is not valid for buy:
INDUSINDBANK chart for 21-JAN-2020Pre-Open Stock Chart-2 #INDUSINDBK
Yesterday after giving Down-Trend, it has been settled in the zone 1326-1335 in last couple of hours. Multiple times it tried to break the range but fails every time.
If it is able to sustain below CZ Zone, it can easily go till 1320-1310 zone.
Buy Setup can be only initiated after break of trendline and CZ
#LearnWithKRMG
Gateway Distripark(GDL): 1W - Nice price action candles.I analysed this stock on wave counts based on a request from my friend. As per my wave counts this stock seems to be bottomed out at 83. Apart from wave counts, nice price action candles makes this stock a good investment candidate. A nice bullish DOJI followed by two bullish candles, all with high volumes in the weekly chart along with rsi divergence should attract an investor.
Good for long term and also short term. Short term (about 3 months) 150 and above.
Long term target is 500.