Bullish Reversal on JK CementHi, Inverse Head and Shoulder pattern is formed on JK Cement in 15 Minute Time frame. Neckline broke with Heavy Volume . We can go long above 1950 for target 2200 and stop loss below 1850. This is for study purpose.
Bullishreversal
COAL INDIAIt has turned from a Bullish Harmonic Butterfly and could now retrace till 128/131 as long as it holds above 122.
Butterfly Patterns are 5 pt Harmonic reversal/bounce set ups based on specific Fibonacci Ratios.
RBL BANK LONGNSE:RBLBANK
BULLISH SHARK RBL CMP 578.55 @ 16/7/19
PRZ 563 TO 565 SL 538 T1 599 T2 623
CHART BY HARMONIC LEARNING AND EARNING
Sometimes you have to leave the crease to hit a six - PCJ BUYBUY PC JEWELLER ABOVE 85
TARGET 97, 110, 136
SL 71.5
A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :)
Some points:
1. OBV and PRICE Bullish divergence
2. Healthy candles
3. An upmove followed by a retracement
4. Has started to move up again (Latest candle)
5. Oversold
Buy Trident Ltd. - Long Term DeliveryBuy Trident Ltd. at current market price with stop loss placed below 47 and target of rs. 80 to 90 within a time frame of 1 year.
Charts of trident are looking positive and broken above the downtrend channel which is bullish reversal sign with price volume action. Recently one white shoulder pattern creation has confirmed the bullish reversal.
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Buy Lupin - Long Term Investment CallLupin has created the bottom in my opinion and now it is looking good for a bull run which will lead its price back to its all time highs. As everyone knows it has strong fundamentals with minimal debt available in its balance sheet.
On the technical charts it has created two strong Bullish Reversal Patterns which are Abandoned baby and 3 White Soldiers .
The call to buy lupin is only for investment purpose without any stop loss placed. One must accumulate the stock on every downfall or correction in the market.
If anyone interested in more such fundamental and technical calls please visit our website wp.me
Buy Morepen Laboratories - Long Term Positional CallI recommend to Buy Morepen Labs as a positional call for medium term. Charts of morepen labs shows that the stock is oversold in the market with unjustified pessimism. It's prime time to get into the morepen labs with targets of rs. 42.00 which can be seen within 12 months from now. It has created a Inverted Hammer Pattern which is a strong bullish reversal sign.
While the fundamentals of the company are very strong as company has shown growth in bottom line.
Strict stop loss must be placed at 18.00
If anyone interested in more such fundamental and technical calls please visit our website wp.me
GODREJ INDUSTRIES - BUYPresently, moving above 100 EMA and chart pattern showing an upward trend which may give a move of 20-30 pts.
If it breaks the upper resistance line above 660 level it can give a good move.
MACD is above zero line with bullish crossover.
Keep watch on it for future price movement.
jsw steelDouble bottom
15min-30min time horizon double bottom is formed indicating short term bullish reversal.
BUY : Bullish Three Drive Reversal PatternStock has formed the pattern nicely one can observe the exactly same bar distance for 2nd and 3rd leg. This symmetry is very important for this harmonic pattern. One can buy the stock now expecting the pattern to work.
Entry 27500
Sl 26500
Target 29170/31000
Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
