TWEEZER TOP DESCRIPTION
>> BEARISH PATTERN, IDENTIFYING A RESISTANCE LEVEL
>> 2 OR MRE CANDLES WITH THE HIGH POINT ACHIEVING THE SAME LEVEL
>> CANDLES CAN BE EITHER COLOUR
PSYCHOLOGY
THE UPPER EXTREME OF THE SHADOW REPRESENTS AN AREA F RESISTANCE.
BULLS WERE NOT WILLING TO BUY ABOVE THIS PRICE, SO THE BEARS RETURNED IN FORCE
TO DRIVE THE PRICE BACK...
NSE:KOTAKBANK
Swing trading opportunity ...4hrs chart alert !!!
👉👉WAIT FOR RETRACEMENT OR TRADE ACTIVE RECOMMENDATION👈👈
--Sell below =1850
--Target = 1740
--Stop-loss = 1915
--Lot Size = 400
--R:R = 1.68
--Expected Profit = 43,600 ₹ per lot ( 6 % )
Technical Reasons to trade :- 🧢
1) Kotak bank has breakdown the support area .
2) Volume is ULTRA high in DOJI...
BHARTIARTL | One more flag now in Airtel for 23%
CMP : 479 (Bup in dip upto 462 / Orange line recent support)
SL : 450
Target : 550, 590
1:4+ risk reward for first target (550)
1:6+ risk reward set up for second target (590)
QUICKHEAL | Excellent risk reward after huge breakout now perfectly retraced to previous breakout zone. Excellent chart for beginners to learn :)
Looks good for 50% upside move - Weekly chart hence it will be a slow move. Consider buying only for 5% of the capital, not more than that.
CMP : 155
SL : 135
Target : 240
1:4 risk reward setup.
NSE:BATAINDIA
Positional Trading opportunity ! Weekly Chart Alert !
Technical Reasons to trade :- 🧢
1> Range Breakout .
2> Huge volume as well
3> Accumulation is done
4> Retracement areas are shown through arrow.
5> Rsi divergence just for educational purpose | example
some fundamental supports :-
1>Bata India to Merge Subsidiaries
2>Bata India Says Unit...
All details on chart, Break out of a very long term resistance line, so upmove is only a matter of time.
Would it allow you a good entry chance at 155-165 zone again? Let's see and stay hopeful.
Essence of Marked levels would immediately come clear on a daily time frame chart
TATACOFFEE | One of the best intersting chart in the recent times <3
Weekly - Flag pattern
Daily - Triangle
Monthly - Big breakout and retesting 50% exactly
CMP : 103
SL: 95
Target : 120,135
EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace...
CESC | Tight consolidation - still good for 20%
CMP : 581
SL : 550
Target : 695
We are holding the position for the last 27 days. Attached previous chart reference aswell.
1:4+ risk reward setup.
TECHM | One more flag pattern from Mahindra group 🙂 Flag consolidation is not so strong and monthly time frame shows a resistance. Hopefully we will get some time for accumulation before the breakout.
(Attached monthly pattern chart in comment section)
CMP : 876 (Any dip till 820 is a great buying opportunity)
SL : 810
Target : 950
India's Elon Musk and...
TVSMOTOR | Breaking solid resistance, Looks good for 25%
CMP : 490
SL : 450
Target : 600
Almost 1:6 risk reward, weekly pattern.
(P.S : I see similar pattern in BHARATFORG too)
PFC | Big potential - Looks good for 25% to 38% - Consider entering during retracement.
CMP : 98
SL : 94
(But can considerably keep below 86 - if willing to hold for short term - and buy in dips upto 88 even if this breakout is not sustained )
Target : 115, 121, 132
