Triangle formation on canara bank. Normally, Triangle pattern break either side but here triangle already broken on bull side and lying on resistance level. If the price break the resistance level, then it may move upto 340. Trade: Buy above - 310 Target 1 - 325 Target 2 - 340 Stoploss - 295 Reward Points - 30 Risk Points - 15 R : R - 1 : 2 Note : Its...
BANK NIFTY facing strong resistance at 20500 it will correct some points The information is for educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced by me. The information provided through my charts is for personal, non-commercial, educational use and display.
BNF looks week and can short at current level 18800, if it retraces please wait to see and short at 18910 or 18985 levels for the target of 18512. If you are taking short position at 18910 keep SL of 19060
To invest in a good stock, sometimes a simple trend line or trend channel is sufficient to identify an entry point. HDFC Bank stock has been in an uptrend since year 2009. The stock has been correcting from 1310 levels and is nearing first key support at 1120. Lower long term support is at 920. Looking at the prior trend, entry at 1120 looks tempting. Start investing :)
Simple Trade setups are the best one's. Instead of getting stuck with some complex trading systems, the simpler the better I believe.Today morning, first I looked at Nifty, didn't feel quite good about it, its completely ranging,so shifted focus on Banks..yea we are gonna buy Banks like Billionare's :).Lets keep funny things aside, here we are looking @...