It has been observed in the chart that NIITTECH given break out at 447.5. volume also picked up and bounce from 200day MA. watch near 440/448 for target 530/580 stop loss below 420.
It is been observed that ANDHRA BANK, has given a cup and Handle breakout near 57.5. bullish in nature. watch near 56 to 58 for target 63/72 stop loss below 54.
It has been observed in the chart that Cup & Handle Break out at 155 that is bullish in nature. one can watch near 150 to 155 and look for target at 240+ stop loss 140.
It has been observed in JISLJALEQS chart that shot term break out near 98.6. At the time of retracement it is formed bull reversal candle in an up tread, can watch near Current market price for short term target at 108. stop loss below 96.
Redington India closed above the monthly resistance line which seemed more like a descending triangle pattern with an upside breakout. The stock seems to be ready for an upside move to test December 2014 high of 140 level. RSI above 50 is a good sign.
Trading strategy :
CMP : 109
Target : 138
Stop loss : Close below 92
Reward to Risk ratio = 1.70
Price is about to breakout from an ascending triangle formed on Sobha Ltd. Good opportunity for long entry. Enter only if price breaks out from the triangle.
#Target 1: 290
#Target 2: 305
Happy Trading!!!
Price is about to breakout from an ascending triangle formed on Reliance Industrial Infrastructure. Good opportunity for long entry. Enter only if price breaks out from the triangle.
#Target 1: 440
#Target 2: 460
Happy Trading!!!
Hi,
Sorry, I didn't post this chart earlier, and you missed the breakout from consolidation area.
Now you can look for breakout from daily trendline, targeting next resistance.
Great risk reward ratio, as we exit below the trendline.
CMP - 1329
Target - 1410
Enter = Low of candle above trendline
SL = High of candle below trendline.
Thanks.
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