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Bullish Patterns

Reliance: Near Support level from Long term perspectiveReliance We are looking at weekly chart of Reliance Industries - Between July 2018 - May 2020, we observe Reliance trading in 3 red downtrend channel boxes of similar time horizon - In June 2020 , we see Reliance giving a strong breakout above the red trendline - thereafter we have seen Reliance trading in 2 parallel yellow boxes Given the chart pattern, Accumulate Reliance at current levels and on dips towards 2240 Target 3500 odd levels Reward potential 50% Pattern gets invalidated if it closes below the red trendline on a weekly closing basis Risk 5% Risk::Reward ratio looks good to go long from medium to long term perspective Take care & safe trading....!!! For more such ideas Like and Follow Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:RELIANCELong
by indiamarketoutlook
2
Buy Menon Bearings LimitedCompany:- Menon Bearings Limited Rsi:- greater than 57 volume rising on green candle and lower volume on red candles. Stock has given breakout of Jan 2022 level on 6th September and after that stock went in one sided upward rally. Now consolidating since 1 month. Strong seems to be ready for another upward rally. Buying range :- Accumulate Stock in range of 103-109 Target : 120 SL:- 98 Fundamentals:- Fundamentally company looks good ROCE- 26 ROE- 23 Debt/equity:- 0.21 Promoter holding:- 71.2
NSE:MENONBELong
by TradingWithVerma
1
HBL Power : Perfect Example of Fibonacci Levels Good Day , Hello Traders, HBL Power is one of the best dark horse, Consolidates then moves. Fibonacci Levels are been respected perfectly as you can see the levels of 122 achieved and now it retraced a bit . Gearing up for the next level of 152. Good candidate for Long term perspective. Chart Self explanatory Time Frame : Daily Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:HBLENGINELong
by Piscean17th