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Ankushtrades

Range Breakout with Huge Volume in CDSLWould love to call this analysis as "CDSL 2.0", After sharing study/view previously, the Price Moved exactly as per our analysis that we plotted/planned in the/as per chart. So This Time Sharing the analysis on same stock but with different condition, different situation in the chart. We can see the price rejection from the previous highs (rejection marked in red arrows in the chart), but this time managed to cross ad sustain above those levels with such huge or increase in volume . After breaching the rejection zone/ resistance zone / supply zone we can expect a big rally with good upside move. I would suggest to go long with the strict stop-loss of candle closing below 1540 level For the target of 1730, 1868, 2054. Can go Long at CMP or also can go with buy on dip strategy till 1580 level. TARGETS in the charts are decided by the fusion of FIBONACCI AND PREVIOUS DIPS FROM HIGHS. ABOVE POSITION/ENTRY IS SUGGESTED ON THE BASIS OF RANGE BREAKOUT. TAKE THIS STUDY AS A EDUCATION, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
NSE:CDSLLong
by Ankushkokane
Long position Opportunity in CDSL after big correction.A good opportunity to enter in CDSL after a big correction in market. In chart we can see previously, the trendline acted as a resistance and now the same trendline is acting as a support line/zone and bullish slash candlestick pattern formation can also be seen on the trendline. After a correction a good upside move can be seen in recent/today's (30th August) candle. The Risk Reward reward looks very much favorable in this trade soo... Would suggest to go long for the target of 1287, 1360, 1424 and the final ultimate target of level 1580, Can expect this ultimate target in coming 8-12 weeks. Go long With the strict stop-loss of 1170 level (only on candle closing below basis). THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
NSE:CDSLLong
by Ankushkokane
MSTC near DEMAND/SUPPORT ZONEAfter a big fall of nearly 130 points, MSTC is currently trading at/near Demand zone, we can also call it as support zone. Previously the same zone acted as a Résistance/Supply zone, which is indicated by red arrows, seen a strong rejection from upper level. After being in a channel for long time A strong Candle closing with huge volume can be seen in weekly chart. In bearish market we can see the price has respected the demand/support zone very beautifully and sustained over the important zone. In weekly timeframe we can see MORNING STAR Candlestick Formation on the Demand/Support zone which indicates the strong bullish Reversal after a downfall. Can go long for the given Targets of level 400 and 470 in midterm like 10-12 weeks. Go long with the Strict Stop-Loss of Level 320 (candle closing below basis). ABOVE POSITION/ENTRY/VIEW IS SUGGESTED ON THE BASIS OF DEMAND AND SUPPLY ZONE OR SUPPORT AND RESISTANCE ZONE. TAKE THIS STUDY AS A EDUCATIONAL PURPOSE, DO YOUR ANALYSIS BEFORE TAKING/ENTERING INTO THE TRADE. THIS VIEW OF MINE IS PURELY BASED ON TECHNIAL CHART AND FOR EDUCATIONAL PURPOSE ONLY, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT OR ANY PARTICULAR STOCK/SECURITY.
MLong
by Ankushkokane