NSE:INDOCO is forming a triangle and current levels are good for bottom fishing. Keep a stop loss at 310 and one can go long here, alternatively one can wait for a confirmation of breakout of the triangle.
It appears that the price has hit its lowest point and is now showing indications of a reversal. This is evident as it has broken out of a period of consolidation or uncertainty and is moving in an upward direction. This pattern is commonly known as the Diamond Bottom pattern, which typically occurs during a downward trend. The pattern is characterized by a...
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Escorts seems to be turning from the support as well as it has completed its ABC correction which completed exactly at 1.618 of Wave A.
So, idea is buy above 1200 from where it has been rejected recently with stoploss of 1100
Can achieve fresh ATH
This script is making a mirror pattern showing how history repeats itself.
Currently, it's available at cheap valuations and also, the stock would be benefited from the upcoming farm season.
The target price is 250 as per the charts. Duration - 6 to 12 months.
This is my analysis, done only for educational purposes, feel free to share your views/feedback.
Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the...
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate( Rs 0.29% .245). This zone is major support point( Analyze coal India's behavior during Aug 2013 0.25% to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Very good momo and this time it will hopefully break the channel..
Very ling consolidation of 5 years.
The blast upside will give large targets.
buy at 82 with Sl 65
Targets 150, 200( why not 100?) Plz comments why not or why should ?