Reliance is looking strong. It gave a trendline breakout and retest in the past but weak markets dragged it down.
Stop loss 39 1st traget 66 2nd target 90 Breakout in chart with good volume. Debt free company. Promoter share has decreased from Dec 2019. Bullish flag pattern can be observed. Dravous thepry also applicable. Seems like mutual funds has accumulated stocks at lower level. In volatile market trade with caution. This information is only for educational purpose.
As we look at the daily chart its showing that it has retraced 50% , now it is ready to move upside. If we look at 30 min TF its showing nice pattern of parallel channel and with RSI bullish divergence we can trade with the confirmation. For more confirmation it has formed inverted head and shoulder pattern on lower TF as well.
Though I trade and post mainly breakouts but market is not in a condition of producing many breakouts :) So this is from some of the good potential support candidates. Rest is as the title suggests. Quick targets are mentioned.
Short at cmp for a target of 10-20 point downside.
BUY 496 TO 485 TARGET 694 Reason For Buying This Script : In this script after 13 years it is broken the resistance line in monthly candle, Now it is retest moment is happening. So we can go for buy. Once it break 694 and close above 694 in weekly time frame means next target up to 830 . Box break out target up to 830. Note : Above given levels are based...
*Stock has given a breakout after 10 years of long consolidation on weekly chart . *After breakout stock has pullback TO its support area and filled up the gap in daily chart which has created at the time of breakout . *Life time high breakout already happened. *If we look at the volume part, significant volume activity is witnessed at the time of breakout. *Price...
AARTIDRUGS (WEEKLY):- BUY ON DIP 705 to 670 till accumulation for Target 1800/2000 WITH SL 497.2 DCB
My Past idea on ADANI POWER was given on 2nd March '20 at Rs. 60. It went up to freaking 54% from that. Now, it is trying to knock the doors of next resistance with a very strong weekly closing. Watch carefully and take action as market is very volatile nowadays.
NSE:POWERGRID
➰Hanging man followed by full body bullish candle with less upper wick and more lower wick.
Views are personal and for educational purpose only. Watch my other analysis also.
Stocks to watch for 22/03/2021 Breakout expected Go as per the break out . Enter on the side of breakout Don't rush to buy/sell after breakout. Wait for the pull back . Time Frame to achieve target: max 3 days
Siemens has been respecting this trendline since Nov 2020. Today after touching, it formed a bullish engulfing pattern. This is a clear indication that it has again tried to take support. Also look closely, after checking fibonacci extension levels for the past 5 months, you will see the following pattern. D = 1.618 * AB F = 1.618 * CD and H = 1.618 * EF. Since,...
WAIT FOR BULLISH CANDLE IN 1 HR AT RESISTANCE (144.4)LEVEL KEEP SL AT 133.40 AND TGT IS 180.10
UPL | Simple trendline breakout - Short term pick - Its a high volatile stock hence plan your trade accordingly. CMP : 522 (Dip upto 505) SL : 490 Target : 605 ,695 Almost 1:6 risk reward setup for first target