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Bullish Trend Line

Rain Industries | Breakout | Ready to move upsideThe stock is currently moving in a parallel channel forming a bit of rising wedge on a weekly chart. The current price trend has been nicely supported by volume trend as well, The stock has breached the multiple time resistance of 148.30 with higher than average volume indicating a positive signal. And now is moving towards its short term targets of TG1 - 159.35 and TG2 - 177.30, with a long term view at 229.10 . The past support & resistance trendline depiciting the targets are very much alingned with the Fibonacci retracement to have a stronger conviction. CMP - 151.90 TG1 - 159.35 (4.9%) TG2 - 177.30 (16.7%) Long term Target - 229.10 (50.8%) ; Long term stop loss - 129.45 (-14.78%) Risk : Reward Ratio --> 1:3.4 The Analysis is done completely based on personal knowledge and to share with others for educational purpose. It isn't any sort of recommendation. Please consult your financial advisor before any investment related decision.
NSE:RAINLong
by ankitstockmarket7
FACEBOOK - Still in positive trend - short and long term view.Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend. I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently. The chart respects the strong support pink line and on july 2017 it broke the green resistance line. During nov 2016 it retraced to 38.2% and in march 2018 it retraced 50%. In these cases, it respected the strong support line. 1] The retracement may take a support at the green line and bounce back from the 180 level. 2] Incase, it breaks the green line and falls down it could respect the strong support of pink line and then bounce back. 3] IF it breaks the pink line of support then big reversal could take place. Mark 160-155 final stop loss. MACD is positive above the zero line and bullish crossover is maintained. The fall can't be predicted. Overall, it's a long trend and with good opportunity to buy shares at a discounted price. Good time to buy when bounces back from green line or pink line. Keep a watch on this stock.
NASDAQ:METALong
by netzsavvy
Larsen & Toubro : Turbo Mode On !LT one of my favorite scrips, whether its intraday or positional this scrip performs really well (just my opinion,can be different exp for you ). Those who follow me for a while ( 6 months or so ) might be knowing about the Investment analysis we did on LT. We got it somewhere around 1100's I guess, now LT @ 1500's. Great Returns. Flashback over, back to reality... Now we have bullish flag in LT, if we get proper breakout enter long positions with proper stops n target. If flag fails don't enter downside, for few other bullish flags we entered on downside breakout, but not this one, there is a reason behind it. Can someone predict what's the reason behind ? Come up with your reasons..most welcome...
NSE:LTLong
by InsiderB
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