Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191. There are multiple confirmations indicating a good short term upside in the stock , so probably it may do good in this week. Detailed explanation has been given in the chart itself, Please go through.
CHART & ANALYSIS
ADARSH DEY
BOMDYEING in Bullish Wolfe Wave. It can be bought with a SL of 79 for the target of 94.80 and 108.80. The Directional movement on the downside seems exhausted and a reversal is expected.
( It should also be noted that the result date is 4th Nov 2022, the uncertainty remains high so please put a strict SL)
CHART & ANALYSIS
-- ADARSH DEY
This is a study for OIL INDIA LTD.Due to some technical error unable to publish OIL INDIA LTD CHART.Please go through the below explanation for OIL INDIA LTD Chart and Analysis
Oil India seems a good buy at this level for a target of 220 - 236 with a SL of 191.
CHART & ANALYSIS
ADARSH DEY
Tripple Bottom chart pattern completed in hourly timeframe.
Price has retest/pullback the trendline
RSI above 50 indicate the price has good strength to go higher in upcoming days
Details are mentioned on chart. Please go through the chart.
On 23 sept 2022. NSE:KIRLOSBROS gave a breakout of Inverted Head and shoulders and Managed to close above the Neckline on Daily Time frame. ADX above 29 indicating that stock is going to trend soon.
TRADE - Positional trading
BUY - 369 - 372
TARGET - 482
STOP LOSS - 346
1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/ (Buy Price-Initial Stop Loss Price)
4. sell 50% of your position on ADX cross of 40, keep the other half and trail the stop with Supertrend indicator or any other indicator of your liking.
After a consolidation sale March 2020, ...
Multiyear Breakout stock near it's resistance level.
Multiyear CUP pattern.
Weekly chart
Strong under current in stock keep on radar for BO.
Chart shared for educational purpose.
1. Price at a 61.8% retracement level.
2. A bullish Harami pattern is printed at the 61.8 % level
3. ADX shows a healthy trend.
Levels are as follows. SL-1200, Buy at CMP(1312), Tgts of 1473.
Always take trades based on your money management.
Happy Trading!
Wipro has shown good strength and featured in the list of the strong stocks in the past 10 trading sessions, If we look at the setup, the stock is trading perfectly within a channel. Recently, it took support at the lower end of the rising channel and has crossed its key hurdles, The upper of the rising channel is around the 850 levels. In term of wave counts,...
#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400...
Broken Bollinger band upper band
RSI > 60
ADX increasing
MACD Buy
Parallel down channel broken with volumes
Higher time frame weekly macd also showing Buy
Today Maruti Suzuki’s Chart indicates a Descending Triangle pattern. But it will take time to complete the formation and get results. I believe one should use ADX and trade when ADX value goes above 25 along with the breakdown of the trend…
If both of the conditions satisfy it will be a great trade believe me!
NSE:MARUTI
HDFC has given a breakout above its previous life time high which was tested three times and now it is trading succesfully above it, volume was above average during the breakout.Now it is a good time to enter long with a stop loss.
Other indicators:-
Momentum= RSI is in bullish zone i.e. above 60 on monthly, daily and weekly timeframe.
Trend= ADX's value is...
This counter held fort despite todays tragic fall across the board - ATH is the 1st Tgt & 6800+ is Pattern tgt on successful BO - Estimated 1 to 2 Months
