JUBILANTFOOD Trading Setup1. Long term Bullish Trend
2. Bullish Pinbar at 0.382 Fibo level
3. Favorable Risk:Reward
Bullish Pin Bar
Aurobindo Pharma 5 % Breakout, post tight consolidation!Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action was seen in the Auro Pharma stock . Also, this has to be supported by strong volumes (volumes are strong), when the volume moves , price follows! We have a good consolidation, supported by good volume and we see a bullish pin bar candle while the price was trying to breakout. Bullish pinbar candle near a support or a breakout zone ( resistance /supply zone) suggests that bulls/buyers are very strong and are pushing the price up!
Bank Nifty post market analysis on 17-02-2021Bank Nifty post market analysis on 17-02-2021
Long opportunity at 10:05 candle's high with 1:2 risk reward ratio. Stop Loss is 93 points and Target is 180 points
Reason : Market has taken support from previous day low and printed Bullish Pinbar confirmation candle at 10:00 am candle
Disclaimer : All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
