SUNPHARMA COULD GO TOWARDS ITS ALL TIME HIGHS.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.
Buysetup
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #ShorttermBombay Dyeing
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 levels.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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POWERGRID Resistance BONSE:POWERGRID
#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.
#UPL 17K
#FEDERALBNK 15.5K
#IRCTC 2k
#GODREJPROP 4.5k
#HCLTECH 7.5K
Happy LEarning.
TARGET 1 Achieved in Minda Corp 20% profit. Target 2 Coming SoonMinda Corp gave a multi year breakout after a formation of double top . Stock consolidated as shown on charts and posted earlier.
levels are self explanatory on charts.
Disclaimer : This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
SBI Life trading near strong resistance - Keep it on your radarIt's important to be patient at this kind of level.
SBI Life's price is trading near its Support turned resistance zone. it has broken out of it but the volumes are below average.
Although RSI & MACD are showing strength, one should wait for the price to retest this level before taking any trade.
There's no buy/ sell level. this is just an observation and I'm going to keep this on my radar.
CIPLA Flag BO and retest - Good short term long opportunityFlag Break out of almost a year long consolidation
and now today it has retested the breakout...
one may go long with StopLoss of today's low
Targets : 1st target can be flag length
2nd target can be the length of the pole as shown on chart above.
Plan your Trade ! Trade your Plan !
Happy Trading !!!
ThunderCloud Investment in a Strong TrendIchimoku clouds are one of the best indicators to not only ride trends but also to avoid sideways markets.
It has five components:
1. Conversion line
2. Base line
3. Leading Span A
4. Leading Span B
5. Lagging Span (not shown on the chart above)
I would not go into details of how the calculations are made to draw these lines because the software would do it for you.
Rather I would like to share a setup that would help investors and traders to ride strong trends while ignoring weak trends and sideways markets.
Conditions:
1. There has to be a pullback in the market (Conversion line and Base line would intermesh with the Span A and Span B cloud); and
2. Conversion line should be trending above the Base line with decent gap between the two; and
3. Both these lines should be above Span A -- Span B cloud (at this time a trend would have already been established in the market); and
4. Span A should cross above Span B
At this point you can start investing in parts:
1. 50% when all the above conditions are met and
2. 50% on later pullbacks to get better average price
This method can also be used smaller timeframes like 15 minutes taking into account the larger picture on higher timeframes.
I hope you would learn something new with this educational post and make some money.
Regards
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #IntradayCOLGATE
Range breakout in stock can be a good bet if enter above 1500 levels for targets of 1510 to 1550
With SL of 1450, or check 5min chart for support levels.
In case of Gapup then avoid setup.
Note:-
Above levels for education purposes only.
Do your own analysis before taking your trade.
ICICI Bank - Harmonic Pattern Combined with Trend lineICICI Bank has fallen nearly 18% from its all time high. A fundamentally strong stock which has been respecting harmonic levels several is expected to be reversed from the marked level. 680 level is the range to initiate buy. Harmonic levels also matches with the support zone as shown in the chart.
It is also an classic example of previous resistance acting as support and it is expected to take support at 680 and move higher. A chart pattern of higher highs and higher lows in 15 minutes timeframe would suggest a strong up move coming in the future.
NAM_INDIA Weekly Double Bottom Bullish NSE:NAM_INDIA
Time Frame : Weekly
VIEW : Bullish with given Targets
Pattern : Double Bottom ( 318 )
RSI : RSI Bullish Divergence
Buying Zone: 318 - 335.
Observation :
Multiple time buying in the range of 318 to 335 can be seen.
Support = 335
Buy at 353.00 (CMP 350 - 02 February 2022 EOD)
Stop loss = 338.00
Long Term Target 364 - 380 - 400 - 450 - 476 + + + + + + + +
PNB Buy on Dips with Multiconfirmation indicates Bullish TradePNB Daily Chart
Reason for Bullish view :
1. Multiple Entry on Trendline indicates Buy on Dips. Refer Green Up Arrow.
2. Candle above 200 Moving average indicates bull run about to start for long term.
3. Daily Trendline break out with 200 MA breakout indicates confluence Trade so entred at 39.55
4. RSI Bullish Divergence in Daily Time Frame indicates Bulls are in Power.
5. RSI value above 60 indicates strong momentum.
6. Overall Momentum is Bullish
View : Bullish for long Term / Medium Term / Short Term
Buy @ 39.55
Stop Loss @ 38.00
Target1 : 41
Target2 : 43
Target 3: 45
Target 4 :48 +++++++++++++++++++++++++++++++++++++++++++
Bajaj Finance breakout, keep an eye...Hello guys, Astral has hit all the 3 targets you guys can book near 8% now.
Now this script bajfinance has given a breakout from flag and pole pattern which works very well according to my minute experience.
You wont be able to see flag and pole in this image so please zoom it out and you'll be able to see it clearly.
Buy above - 7460
Targets are mentioned in the chart above