OK THIS is my second analysis after fairchem , for which i updated when i sold .
The IT sector as a whole down due to external circumstances , No internal issues in almost all the it companies.
Considering this opportunity to invest or even trade for short term gains . I prefer mid cap which has better safety against sell off and higher profit percentage...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Balaji amines Ltd gave resistance breakout with Good volume and made a retest. One can go long above day high with stoploss below the retest low.
Disclaimer :- I'm not SEBI registered analyst. This is my personal view. Information given is for educational purpose only.
Do your analysis before investing.
HFCL Ltd has made a Inverse Head and shoulder pattern in D1 Time frame. It also give a breakout with good volume. One can buy 50% above today high and wait for retest to buy remaining 50% with recent low as stoploss. Recent swing high's are taken as Target.
Trail your stop-loss.
Disclaimer :- I'm not a SEBI registered analyst. This is my personal view. Given...
yesterday a sharp rise has occurred but still, we are in bear trend as the market didn't break its previous swing high.
all sentiments and news are negative this is a sell-on-rise market.
Levels marked on the chart.
Bank nifty and nifty analysis important levels are marked on the chart.
please always trade with stop loss to...
This is the daily chart of CDSL i.e Central Depository.
Currently it has made a price action pattern i.e HEAD AND SHOULDER
If it breaks it's neckline, it will be a perfect entry with a small stoploss and a target of roughly ₹50.
I AM NOT SEBI REGISTERED.
I WILL NOT BE RESPONSIBLE FOR YOUR LOSSES
This is a education pupose only(and reference) fib extention is a tool (not like a indicator)
1.6 fib exte cus ratio ,
Atctual fibonacci ratio=1.618
( reasonable , but higher)
1.3 fib exte custom ratio(reasonable)
Purble line is 0 (zero) ratio ., -1.5 stoploss (take a support and resistance),
this is not retracemnet tool.
Contant is choosing with ...