1. airtel traded sideways in weekly.., its exactly bounce back from demand zone around 640-650 levels.
2. already institution players entered in demand zone.
3. now we got a double conformation double bottom formed in day chart.
4.if its break 700 day close basis target would be 770
Possible buy above 0.77200 #cad chf waiting for validation entry point. Price reacted from previous resistence turn to be a valid support and overall bull market expecting continuation to upside. thanks.
Kindly refer the Chart, See the orange trendline, it is clear breakout of descending triangle
So Target 1 is 201
Target 2 : 205
Target 3 : 207
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This is only my view, it is not trading recommendation. So I am not responsible for any profit or loss made using this idea
Stock on weekly chart after correcting from recent highs, now form double bottom pattern and now towards its Resistance Zone
Enter for swing trade only if breaks and sustains above 1075/1077 levels,
With SL of 1048 on closing basis.
Avoid setup if gapup open.
Also can be taken as Intraday trade, with entry and target set on 5min chart...
JK Paper showing strength can give a breakout as well. It's been outperforming the index for long and demonstrating strength in these weak market conditions. Once it goes above its resistance and sustains there, it can towards its all-time highs.
As one can see, there is a bullish harami pattern in nifty which means one can go long in INFY keeping the stoploss below mother red candle low or 1400 as per your risk appetite, with a target of 1540 which is almost 1:2 RR.
Be quick and agile in booking your profits as this is still in a downtrend and the global scenario is still the same.
There is positive RSI...
As far as sunpharma is above its weekly trend line, it is demonstrating the strength and can go towards its all-time highs. One can get into this trade, keeping a stop loss below the trend line. Do follow risk management rules and maintain proper position size.
Stock trading in a channel and currently almost at bottom of channel
With Immediate Resistance at 108 levels.
Safe to buy if sustains above 108/110 for short term targets of 113/118/120 levels; which is another strong resistance levels.
Can be book profit partially and hold further for 130-135 levels if stock strongly hold above 120...
#NSE:POWERGRID has pickup good volumes and BO the resistance level in this bearish market too.
Positional Can be added @ CMP and SL 237.
Delivered good levels in this bearish market and bagged decent profits,
check our results in the signature column.