INFO EDGE has been respecting the trendline since a long time and has always hit the lower channel followed by hitting the upper channel which gives an opportunity for a quick profit following past data and all done on above average volume.
Support of 50EMA and trednline provide enough confluence for a quick long side trade targeting around 4591.45
Tight stop...
RECLTD is at the confluence of trendline support and also its 200DMA support. A combination of trendline and 200DMA acts as a decent support for the stock. Long can be initiated for 169 resistance as the target zone.
After a minor correction in the first half of August, the stock of Deepak Nitrite rebounded from the support band between ₹550 and ₹570. It rallied and is now retesting the all-time high of ₹673.35. The major trend is bullish and the stock has formed higher low in the daily chart. Going forward, the scrip can breakout of the prior high and witness a strong rally...
After a Bullish Trend, it tends to consolidate for some time and again continues its prior trend.
33% , 50%, 66% retracement level, is the level in which most bounce back and continue the prior trend.
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It kind of forming a FLAG pattern to.
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Volume looks good too.
This is weekly chart of LT on NSE (INDIA) with CMP @ 1295. It looks good for a long trade based on following observations:
1. Trendline drawn indicates that it has been tested thrice which establishes as strong support (shown with arrows on chart).
2. Similar formation in previous occasion in Jan 2017 as marked on the chart that it's likely to behave in similar...
As on 16/09/18, Apollo tyres may fly from the current level as per fibonacci and trend line. Buy when the share crosses 247.20 for targets 251.80/257.55/260.45 with stoploss 230.60
NSE:NIITTECH
In Uptrend on the weekly and daily chart
Price is respecting the trendline
When the price touched the bottom trendline Stochastic was at oversold and recently pierced up
Above Ichimoku
Close: 916.25 | Pivot - 903 | R1 - 972 | R2 - 1013 | R3 - 1082
It seems, M&M bounce backed with healthy volumes and high % returns in a day trade once it goes down. Considering that now again it went down and at support level, can we expect an healthy bounce back again?
![NIITTECH: NIITTECH Buy [Short Term]](https://s3.tradingview.com/x/xCZBTXLD_mid.png "NIITTECH Buy [Short Term]")
