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Bullish Engulfing

RESISTANCE CAN BECOME SUPPORT TOO !It is old theory of support and resistance that support can become resistance and vice versa. So if we apply that theory here on ACC , it can be a good entry as stock is near the resistance line. All we need to do is look for a bullish reversal candlestick pattern. Some of bullish reversal candlestick patterns are Morning star, Bullish engulfing , Hammer , Bullish Harami etc. These type of entries are best because it provides us good Risk to Reward. Target can be around 2428 levels , Which is good for swing ( 9%+) Pls note that this is not stock buying advice, this is just my analysis on this stock, please consider taking help from your financial advisor before making any purchase. Feel free to share your views.
NSE:ACCLong
by headymuk
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.
NSE:IGLLong
by headymuk
6
Laurus Labs Looks Good for SwingLaurus Labs was at a Down Movement from Past some many days and this moment had stoped with a Bullish Engulfing Candle which Engulfed past two Days. Next days was seen positive with gap up opening and also as usual a Retracment were we all can enter @CMP in tomorrow's Trading session Our Targets will be All time Highs and it's Breakout that is 695+ SL will be closing below 640. (This Research is Clearly for Educational purposes and we are not responsible for any loss or Profit Please do your own research too before investing/Trading) Happy Investing..!! 😄 NSE:LAURUSLABS
NSE:LAURUSLABSLong
by Arshad_Khatib
4
WATCH THIS BOUNCE BACK !Cochin Shipyard is clearly forming a parallel channel pattern as you can see in the chart. Stock is now very much near its support line and can bounce back at any moment. Note :- If stock gives breakdown of support line , don't make a long call here. If a proper reversal candlestick pattern like morning star, doji , bullish engulfing etc is seen near the support line only then make a long call. Target will be near the resistance line , i will advise you all to book profit before the stock touches the resistance line as it can reverse before too. Only for education , feel free to share your views/feedback.
NSE:COCHINSHIPLong
by headymuk
5