Inside Bar + Bounce Long above 136.25, SL PDL Short below 134.05, SL above 136.25 If gap up or down, follow 5m ORB.
Entry point should be the low of previous swing low which is 126.7. If it goes below 126.7 then short it with stop loss of nearest high of a swing high: 130.6. If it bounces up from 126.7 then take a long position with stop loss of nearest low of a swing low: 123.15.
Last 3 trade setups using bounce on HDFCBANK seems profitable!
it should correct from current levels and come back to its support and should show a bounce back ideally , lets see!!!!
in daily, price bounced from the support zone, also hidden bullish divergence is seen here. sl - 52, tgt1 - 60, tgt2 - 70
In weekly, hammer formed at horizontal support. In daily, regular bullish divergence is seen. sl - 1126 tgt - 1400
Its long term trend is up. In weekly, price bounced from the horizontal support. price reversed from the 61.8% retracement level. sl - below horizontal support - 180, tgt - 310.
In daily, regular bullish divergence formed at horizontal support. It can bounce to 8.50
cnx pharma touched the downtrend channel support and reversed. It is giving bounce back, but overall trend is down.
in weekly, pvr bounced from uptrend channel support and horizontal support. sl - 1286, 1st tgt - 1643, 2nd tgt - 1780
ktkbank has low p/e and have a nice head and shoulder pattern with support around 156. hope to see a good upside.
It seems there was healthy bounce happened at 20EMA and stock is heading to crucial resistance level 336.
After the recent news flow there was a sell off in this counter. However, that was a sector wise sell off. The open interest data suggest that majority in the market are positive on this counter and here is the snapshot - www.screencast.com Expecting the reversal to hold and go back to the previous highs. Immediate target 700 and stop at 600
Keeping it very simple for a long time axis held on to a very important support i.e 519.. As they say for chart reading go from left to right. Now Axis faces resistance @ 534 its 11 day EMA if axis opens and stays above it Axis will hit 548 which is its next major resistance i.e its 23 day EMA. Stoploss for this upmove is 525. Best of luck!
IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels. The target from here-on is 126 levels, it can be bought with a stoploss of 77.