Shalby NSE:SHALBY has given a Bullish Inverted Head & Shouldwe Brekout. Breakout Level already tested.
So one can look into it to make bullish postion. Entry@128, Target@141 and StopLoss@123. Stop should be followed on weekly closing basis NSE:SHALBY
This idea is a follow-up to JUBLFOOD
You can check the Link to Related Ideas ( Symmetrical Triangle Bo explained with 2 Targets in which 1 is achieved )
Disclaimer: The information provided is for educational purposes only. Our intention is not to provide any financial advice, don't take any decision without consulting your financial advisor.
Ending Diagonal Setup can complete in 35150-35250 zone.
Trading Strategy : Buy
Buy in 35180-35225 zone if Index halts & takes support
Stop Loss
Below 35150
Target
35700
35950
36275
Note - Ending Diagonal Setup gets invalidated below 35150 levels & structure has to be reviewed later.
Thanks for reading & Have a nice weekend.
The energy sector of our market seems to have given a breakout, it has been in a consolidation for a while now and has shown a healthy correction of 50% according to fib retracement.
The pattern it formed was an ideal flag and pole pattern which is a pattern that gives a good momentum when its broken and gives a rally of equal to it's last rally.
The RSI stands...
Butterfly is getting ready to fly in the sky so don't miss it...
this stock is consolidating since the month of April
the trendline is also valid because it touches more than two times
so if you get any opportunity in lower time frame catch it
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺
✺✺ Target: 1000 Followers ✺✺
✺Strategy 1: beauty closing on 30min chart and waiting for 1hr close too if gives a good close here it's going to the moon with a banging 10% also never get too excited and hold your emotions, on that note lets take the risk of 3% from here :) the chart is self-explained...
MOFS, about to give a breakout after 3 years of consolidation. Closing and sustaining above 850 can lead to a potential breakout and a massive rally. Buy at CMP, SL: 805, target: 1240+, horizon:8W
Axis bank is in ascending triangle at a breakout point.
Above the mention price point it will give you some nice momentum but the view is invalid below 425.
what can go wrong , If bank nifty fall drastically then this will get stopped out .
otherwise everything align according to me , let the where the market goes.
Hindalco
Closing price 124.40
- Any dips especially towards 121-119 provides good risk:reward ratio to go long for target of 133 / 136 / 140.50
SL 117
----------------------------------------------------------------------------------------------------------------------------------------------
Alternatively, consider selling Hindalco 25 June 2020 expiry 115...
Double bottoms have formed and the trajectory looks like its going to be breaking its neckline to head into new highs, Expected target 31500-32000 levels. This coupled with good results show that this is quite achievable. Buy 2 lots in futures and stop loss as indicated in the charts
