Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of...
Triangle forming on Daily Chart of AXISBANK. Trendline has supported and resisted at the respective tops. Needs to cross 757-758 from below. Consolidating on Hourly Chart in the range of 743-757. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Rectangle forming on 4H Chart of ASIAN TILES. BUY CMP/193.10 -> 205, 220, 235, 260 Support 182-83, 175-73. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
BEL has closed an all-time high and testing the resistance near 194, if crossed and sustained above 194 then it can show a good upside till 225
RSI > 60
Has taken box breakout on the daily chart
Short Term Trade Setup:
Entry: 189 to 192
T1 = 205
T2 = 220
Duration = 1 Month
PS: One can add this as investment stock as well for long-term
Note: This is just...
It's Been a while since I posted . Planning to be back :)
Tcs is breaking out with multiple patterns that we can look out.
Let's Look at some patterns:-
Another Pattern:- Cup and Handle or Call it rounding Bottom
And the most underrated but most powerful of...
it has given weekly breakout above 90 level with good volume with opens up further uptrend in it
which is also coincides with major resistance on daily charts at 90.
CPR has been narrow. indicating directional momentum
RSI is above 70 on daily chart
RSI has sustained above 60 on daily chart, which already retested 60 level last week. it looks like rally just started.
This Stock has been consolidating near it's high's since July and created a box in simple terms and in other terms created a DARVAS BOX.
Weekly Chart For the reference.
If we look at daily charts it has been visible that since past few swings it is trying to make higher lows. and along with it if we look at today's volume...