Can we say that ITC making Head and shoulder pattern. Or on its recent support zone.
Trade based: In day tf it was a sell trend. hr tf. bounce back break out happen. it indicates continue the sell trend.
Nifty View: Benchmark Nifty index impresses with a near 300 points gain in today's trading session. It was a move that was supported well by most of the sectors and heavyweight stocks. In terms of levels, the index at a close of 18,008 will now deal with the immediate short term resistance at the psychological 18K mark. In fact, a closer look at the volume...
The stock broke out few weeks back, retested the support and bounced back. Considering the setup in Banking, it looks likely to reach the 52W high and go beyond that. Keep a stop loss around 49 levels. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment...
The stock touched the support line today and has shown a minor bounce back. Trade can be initiated with a strict stop loss of 3440, it offers a good risk reward ratio. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the...
Nifty View: A decently volatile day for the benchmark Nifty50 index as it closed down a little over 60 points in today's session. So far, we have three consecutive negative days from the index, losing almost 3% on a high to low basis. The short-term trend is still up, but vulnerable as the index nears the psychological level of 18,000. However it was clearly the...
According to my analysis, I see a good buy in WOCKPHARMA @482-484 in this bullish market. Reasons: 1. Supertrend* generated a buy signal. 2. Average Directional Index is above 20** and is rising. 3. Close to 200 ema, Bounce Back Expected. 4. Near PIVOT R2, May act as support now. Time frame: 1day, Strategy Type: Swing Trade *Supertrend settings= 14/3 **ADX above...
IGL has bounced from its Trend line support from where it has bounced multiple times in the past as well. This bounce also coincides with 200DMA support. We are bullish on this stock with 560/580 as short-term swing targets.
Can initiate buy above 165 keeping 161.45 as SL. Target 169 and if keep 169 is taken out 174 can be seen Do your own research before initiating a trade.
Nifty View: Seventh consecutive positive daily close from the benchmark Nifty with today’s 40 points up move. Yesterday's “Shooting Star” pattern in the intra-day charts played out at the first half of today’s trade followed by a high-momentum bounce back and we are now back to yet another new life-high. Now, it's these kinds of days that start to create...
Nifty View: Benchmark Nifty managed a fine bounce back in today’s trading session - up 60 points to recover most of yesterday’s correction. The short term support zone of (15,800-15,830) though breached once in the opening held well throughout today’s session. This is a good sign as anticipated supports held prices up raising possibilities of a new life high...
BTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K. Bitcoin...
Past movement shows that Hindustan Unilever always bounced back from the channel bottom:: I am on a Long side... and You??? Do follow my page and inbox me for the Entry/Target and SL.. Disclaimer: I may or may not trade this setup, do calculate the risk and consult your financial advisor before initiating any trade.
Bounced back from long term support.
It is currently at the resistance. If it bounces back, look to go long. CMP 417
SUZLON ENERGY LTD LOOKS BULLISH THERE IS TWO POSSIBILITIES 1. MARKET CAN MOVE HIGHER FROM CURRENT LEVEL (CMP) OR 2. MARKET CAN COME AND TOUCH THE TREND LINE AND MOVE HIGHER. LETS WAIT AND WATCH. CHEERS!!!
Nifty took support of parallel lines pattern, it will bounce back from this support line.
RELIANCE | Again at magic level - Lets try for 8% swing Also i see some decent INHS pattern in lower time frame (2 hours) CMP : 2000 SL : 1960 Target : 2170 Almost 1:5 risk reward setup.