Nifty on the logarithmic chart, seems to be in a strong long term trend. The previous correction, which undoubtedly instilled fear in the minds of almost all investors evidently appears to be so small & relatively weak as it failed to touch the previous all time high. This insinuates that Nifty is headed to form a new High!
INDIAN HOTELS
Stock after correcting from recent highs, taking good support from 50% fibo level &
Stock currently trading at its ATH levels,
Watch out for breakout above 237/240 levels, if sustain on closing basis
Then good opportunity for 5-10% move
Also can be kept in watchlist for Intraday breakout on Hourly Closing basis
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Note:
Above levels are for...
Trading near ATH with strong phase, continues green on 4th week. Look at the Auto shares Hero yesterday gives 100 points.
Now one can look for the auto shares and check if the trend is long then start investing small quantity of shares.
Price trading near the previous high, as discussed CNXIT is about to break the previous high these IT stocks should be the potential targets for the traders.
One can wait for the breakout from the previous high or get it on when there is a retest of the breakout level !!!
ASALCBR
Associated Alcohols & Breweries Ltd
Chart Structure:
- After listing in Feb'20, the stock is in an upward trend since Mar'20
- Stock right now is consolidating after making an All-Time High.
- During the consolidation, the stock has taken support multiple times near previous resistance and Avg. Buy price of last Huge Accumulation.
Volatility...
Hey Friends,
NSE:ADANIGREEN It was consolidating from 65 days. A nice swing can be initiated from these levels and tgt ATH.. It might form new all time high as nifty next 50 index is going great.
Thanks!
stop loss and target levels are mentioned in the chart . sl is on eod closing basis . follow position sizing and proper risk management .
a good flag and pole breakout happening in suppetro . but more important than any chart pattern u can see that this stock is continuously following 50 ema from 2020 lows and has rallied to these levels by taking support...
With some reverse trend "engineering" and one other tool based on market structure and analysis I think we will local top or ATH at the 74706 level inside a box (cant be too accurate). Time will tell if i'm right or not. ~Magic
