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...
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.
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...
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 Cypher Result from 153 to 167
Buy Setup: Infosys is in a very bullish area after a long time. It bounced off the good support near 1010 level. Buy if it breaks the above trendline. Short Setup: If infosys breaks the support, let it retest the resistance at 1010 before shorting it with a target near 960 level
Double Bottom has been formed on daily charts of Infosys hinting a bullish trend in coming days. Weekly trend is also UP. But in short term, a bearish divergence is formed which can lead to a small correction/sideways movement in coming days and then it may continue it's long term bullish trend. Buy is suggested post correction.
Infosys is in a bullish area for the first time since 9 months. All buy setups are valid above 1011.
Hi Every one, Nifty trend should continue next month also but in near term there is two MEDIUM term trend lines are ahead. So i am expect possible TRUNCATED 5th wave. Next month target should be around 8900. Possible reversal dates 10 or 14 FEB 2017
High Volumes and Long range bars while breaking out from the accumulation pattern. Can be bought with stop below 57
On a long term timeframe HBLPOWER is breaking out from the FLAG and also a small penant. Could be a good winner
Breaking 200DMA and bear channel and forming a long range candle. Looks very Good
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.
Hathway has broken above the 200 DMA and the bear channel. A flag formation is being formed. The stock looks set for a breakout from the consolidation pattern to higher price levels.
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..