IGL RESPECTING ITS MAJOR SUPPORT LINE !IGL is clearly seen respecting its support line in the past.
This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc.
After completion of pattern long trade can be taken here.
Note : If support trend line breaks downside, avoid taking trade in this stock.
Also note that this analysis was done by me only for educational purpose , feel free to share your views.
Bullishcandlestick
WaveTalks - Nifty -The Piercing Pattern at 16180This short video will discuss my reasons for having bullish bias towards stock indices.
False breakdown below 16180
Piercing Candlestick pattern close to 16180's - Two times
Heavy weight -HDFC yet to finish final target @ 2900+
Let me know your comments. Thanks for watching the video.
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Last Idea on HDFC
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Last Video Idea on Nifty
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MOTILALOFS: Active inverted hammer candle spotted !An inverted hammer is a BULLISH signal. It is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting 🌟.
PIDILITIND | Cup & Handle Breakout 🎯⭕ Swing Trading opportunity ! 1hrs Chart Alert !!!⭕
-- Buy above=1751 or CMP
--Target = 1796 | 1838
--Stop-loss = 1726
--R:R =3.43
-- Lot size = 500
--Expected Profit = 43k ( 5% )
--Expected Holding = 10 days only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) Stock has formed cup & handle pattern
2) Breakout was strong & retested the trendline again
3) Trendline resistance is already broken
4) Target is based on resistance areas
5) bullish engulfing candle as well
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