Another trade setup on similar lines of Nifty but with approximate risk/reward but I suggest you to check with your trade plan & I agree its heavily consolidating. So lets watch, how this one performs...
Hexaware Technology CMP : 231 RSI :60 BB : Expanding On Weekly chart it is showing clear breakout signals.. Should be on watchlist... Target 1: 250 Target 2 : 275 Target 3 : 290+ Note: Do your own study before making any positions... Please Like, Follow and comment below your views....
Go ahead n check ur plan before the trade :)
Infosys has a trend continuation pattern on daily chart. Buy on trendline break with initial target @970 - keep stop loss near 910.
A strong support at resistance and we can again see the stock moving 660 levels by the end of expiry. Hold and keep adding at lower levels.
HDIL stock is making a bullish move from range of 75-80 to the upper range of 90-95 in weekly charts... 5 days EMA is crossing 50 Days EMA from below with an expansion of bollinger band which is supposed to be very bullish move.. and RSI is around 60.... 80 to 81 is a good buying range with a Stop Loss of 77-78 and further targets would be 90-95... In monthly...
Post bottom reversal, the stock has been trading in the Symmetric Triangle in intermediate trend running across weeks. The Triangle was breached with Bullish expectation, and the stock is righ now in tilted rectangle - almost like a flag consolidation amidst a rally. Would be expected to break out and rise with gap.
Edelweiss has been in Rally for some time. Has seen one consolidation triangle and forming second one. Volumes look promising for another burst post consolidation.
Daily charts of this Real Estate company show higher highs and higher lows as it trades in the upward channel. It broke above resistance of 45-46 levels (aug 2015 & Jan 2016) in June 2016 topping at 62 levels and then crashing again below the 45-46 level (which failed to act as support) in nov 2016 making a low of 33 (almost 50 % correction). In feb 2017 it...
In the charts of USD/INR price is froming Lower Lows (LL) and RSI is forming Higher High (H H) within oversold zones... It is expected that whenever these types of divergence is formed it seems to be Price Reversal... I have made a long position at a price of 64.85 looking after this divergence... Note: Do your own study before making any position.. Please...
Redington India closed above the monthly resistance line which seemed more like a descending triangle pattern with an upside breakout. The stock seems to be ready for an upside move to test December 2014 high of 140 level. RSI above 50 is a good sign. Trading strategy : CMP : 109 Target : 138 Stop loss : Close below 92 Reward to Risk ratio = 1.70
Whoever missed the Idea spike up recently, Idea is at 50% - 62% retracement fibonacci buy zone. The 60 min chart shows a hidden bullish divergence on RSI with a bullish MACD crossover in this zone. The stock is finding support at this zone. Aggressive traders can enter long at the current support level. Conservative traders, enter the trade at the break of...
Stock giving Range (Box) Breakout. Use every declines to form long positions.
Stock giving breakout with good volumes. Also, RSI & MACD are in buy mode.
Stock is in verge of a falling Channel breakout. Also, MACD is in buy mode.
Short Setup: Short Powergrid at the fractal break of 190, target at major support 185. Expecting minor support @188.00 & 187.50 Buy Setup: Buy Powergrid at breakout of major resistance @ 195, target at 199.5 & 205. Expecting some minor resistance @197.50
Buy Setup: ITC has a hidden bullish divergence but it is trading below the cloud. Wait for the breakout of trendline and resistance at 265 to go long. Targets 268.50, 270.00, 272.50, 275.00. Short Setup: If ITC bounces off the trendline and breaks the fractal at 262.30, since it is trading below the kumo cloud, short it with targets - 260, 257.50, 255
Buy Setup: Wipro just bounced off at the support level 485. We also have a hidden bullish divergence. Go long at the break of trendline, with target at 500. Short Setup: If Wipro breaks bounces off the trendline and breaks support at 485, wait for retest at resistance and short it with target at 470 level.