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Chart8: Accumulate Federal Bank for targets of 80/100 plusNSE:FEDERALBNK Trading Idea: Short to Medium term positional Reason: Good cypher pattern close along with good accumulation happened btw 50 to 60 zone in Federal Bank. It is entering into demand zone . Chart Pattern: Harmonic pattern Targets: 80/100 plus Stop Loss: Daily Closing basis 57 Holding Period: 6 Months DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
NSE:FEDERALBNKLong
by trader_karthik
Strategy : Buy in Dips using Support Zone & EMAIEX is an Indian Company in Power Sector. Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235 The RSI of the company also reached 30 level - Key level for bounce back After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ), The share has shown a healthy bounce led by the Bullish Kicker and is trading at 254 now. If it follows the trend of bouncing from EMA 100, one can look for targets at previous Highs of 300 and 317 In a rising market, EMA is a good tool to catch the Dip if price shows a healthy initial bounce. Stop loss at 230 that is previous low will warrant a reward risk ratio of 5:2 The share fundamentals are strong and has a PEG Ratio of 1.8. PEG ratio above 1 is generally considered good. The EPS of the company has been on a rising trend and can be a good long term pick as well. Thanks for reading! I am pretty much self taught in Harmonics, so in case I missed something, let me know in the comments. Note : This is purely for Educational purposes and not to be considered as an Investment Advice.
NSE:IEX
by Aayush_Rungta
24
Where will Hero Motocorp head to ?Where will Hero Motocorp head to ? Reasons/Traits : • Bullish Bat Harmonic Pattern formation is seen • RSI/MACD are ready for up move, yet to confirm • Price is way below 13,50 and 200 EMA • Recent swing low matched with earlier lower low (important level for support) What can happen next : Scenario 1 : Price can move up to complete bullish bat harmonic pattern (2700/2750/2781/2830/2875/2900/2950) Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475 Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HEROMOTOCOLong
by AdhigamaTrading
6
Bajaj Consumer is in sideways and ready for a big moveBajaj Consumer is in sideways and ready for a big move Reasons/Traits : • Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265 • Price is in sideways since few weeks • Price is revolving around 13/20/50/200 EMA • Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s What can happen next : Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:BAJAJCON
by AdhigamaTrading
2
BNB PRICE ACTION ANALYISIS. BEARISH BAT PATTERNBNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high. Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510. The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume confirmation on the breakout. Happy trading :) This is just for educational purposes.
by Sanjan91