DAAWAT | Triangle breakout - Looks good for 25%
CMP : 81
SL : 75
Target : 101
Almost 1:4 risk reward setup
P.S : We already holding position from Feb-March month based on Weekly time frame Flag pattern. Just using this setup to average more.
HDFCLIFE | Small momentum for 8-10%
CMP : 678 (Can buy upto 665)
SL : 655
Target : 735 / Open
We are chasing up this stock from 540 zone and related charts already posted, this just one more opportunity to enter into the momentum
Almost 1:5 risk reward setup.
Price has met resistance at 193-195 levels with 2 sweet Spinning Tops.
100 Day SMA @ 195.50 is a potential resistance.
Square off if it closes above 195 on Daily. A tight stop loss but playing safe; open to fresh entries.
Probably Playing S&R, Also 100 SMA is in helping to give a clear trend picture. Falling would be a most likely condition as compared to Nifty 50 but don't ignore the support just below. What do you think ??