DCB Bank has been consolidating and has formed a Cup and Handle pattern on daily charts. The stock has also closed above its 200 EMA at 179.4. The stock seems to have pulled back from the 200 EMA and is about the break out of the Cup and Handle pattern.
One can go long on this counter above 182 with Target of 187/191/197, keeping Stop loss below 174 (closing ...
Tata Steel has seen bounce back from 570 levels and is forming a reverse Head and Shoulder pattern on hourly charts. The momentum is bullish. One can go long with Target of 621/627, Keeping Stop loss at 590.
Tata Steel Fut Lot size: 1061
RELCAPITAL has seen consolidating in 420 - 440 range since a while. The stock is seeing bullish reversal, and can see a breakout. One can go long in the counter with Target of 447/457/470, Keeping Stop Loss below 420 (Closing Basis). Risk-Reward: 2.17.
RELCAPITAL Fut
Lot Size: 750
BANKNIFTY is forming an inverse Head and Shoulder pattern on daily charts with great momentum and 82% roll over in May series. Lot of short covering seen in past session makes this counter attractive. The stock has currently taken support at its 50 Day EMA and bounced back at 25008.
One can go long here with Target of 25710/25920/26140, Keeping Stop Loss below ...
Bharti Airtel looking strong at current level. After correcting from 540 levels it has formed base at 375 - 380. Currently stock has broken out of a falling wedge pattern and has also formed a downward channel pattern formation. One can go long here with Targets - 412/421/432/437. SL- 392
The stock can also possibly form a Head and Shoulder pattern.
SBI has touched the support on weekly chart and now it has to bounce back to reach 285 RS now for short term intrady this is the target refer my arrow.
There will be small support and resistance but it will touch 261 very soon.
This chart is for 1 hour. Weekly chart thing is just for an update.
Aurobindo Pharma
CMP 683
The stock is near support zone & can be looked at cmp and on dips
T1 718
T2 766
SL 625
Do review ur trading plan
& plan ur trade accordingly...!!!
Take care & safe trading...!!!
NCC ltd seems to be gearing up for a big upside move as seen on the monthly 5 year chart.
The chart structure on log scale looks like a "V" shaped Cup n handle pattern and the neckline is around 118-119 levels. After failing to breach resistance level of 118-119 in April 2015 it underwent a correction and found support at 55 level, post which it has been making ...
Before trying this idea it should be noted this is a high risk long trade setup. The price has been rising up inside a main uptrend channel and currently just tested the baseline of this channel and tending to move inside an another baby channel. I would like to buy as close to the baseline of the baby channel as possible.
There would be a breakout situation ...
PFC- As I have mentioned in charts, PFC broke its resistance area after consolidation, and retested same area today, At breakout there were good volumes Jump and Today also one can see Volumes bump at the same time we can see RSI had crossed 60 levels and at the time of retest it took support at 60 levels which is strong bull sign. One Can Go Long for 163-168 ...
IDFCBANK: We have seen rallies in Banking Sector in past few trading sessions. Now IDFCBANK has started rallying, One can Go Long with Mentioned levles in charts to Grab some bucks.
As We can see DLF had an downward sloping Trendline, which got Breakout today with Heavy Volumes. One can Initiate a Long trade based on that with stoploss of close below that trendline and targets as shown in charts.
MGM -5.25% is approaching support zone between 30 - 30.50 levels. Expecting a Strong recovery till 31.30 levels.
Trade Strategy :
Buy @ 30.30
Target price @ 31.30
Stop loss below 29.80
Reward to risk - 2:1
Disclosure : The view expressed above is my own analysis on the stock. You are responsible for your own investment / trading decisions.
158-160 Zone is very important. Once double of 167-168 Zone is crossed safe traders can jump. Harmonic Traders can look for support in 158-160 Zone as suggested in previous post.
Gartley Result from 167 to 162- very close to 158-160 Zone
https://in.tradingview.com/chart/BANKBARODA/3K9U0SXc-BankBaroda-Cypher-done-153-to-165-167-Next-Gartley-for-158-160/
Cypher ...
