IGL is clearly seen respecting its support line in the past. This can be a good risk reward ratio entry, wait for formation of any bullish candlestick pattern on support line like morning star, bullish harami, bullish engulfing , hammer etc. After completion of pattern long trade can be taken here. Note : If support trend line breaks downside, avoid taking trade...
#Banknifty #Weekly - Made a pinbar candle on trendline support - Looks bullish as of now - 37000 is strong support zone - Many banking stocks looking bullish #investing #nifty50 #trading #Banks #StockMarket #hdfcbank
This scrip is undoubtedly one of the fundamentally sound scrips, it is in an uptrend since its listing, so we may long this scrip when there's a correction from a breakout. Now, it had given a good breakout with strong volume. As it's a large cap scrip, we may not see much volatility here, so it's a low risk trade. Swing traders can consider this scrip to long in...
#CNXAUTO #Nifty - Auto index looks bullish with good risk reward at current - Bullish view until next resistance
- Made a gravestone doji at the top, may touch the steep trendline before making move up if the cureent trend is to continue - It has been moving continuously and silently
MCDOWELL_N | Breakout after 7 years of consolidation CMP : 827 (Dip : 800) SL : 700 Target : 1400 Might need to hold atleast for 10-15 months.
Analysis: Price moving in channel pattern i.e., supply in green zone and demand at red zone In weekly time frame, aggressive approach shown by buyers with strong candle. Idea : Enter point will be breakout level at Rs 970 or above and stop loss as per R:R basis. Disclaimer : Consult financial advisor before trade or investing
EXPLANATION : This is a 1 hour time frame chart of HDFCBANK . It has formed Evening Star Doji Pattern , It signal a more bearish trend than the evening star pattern because of Doji that has appeared between the two bodies . If you like this analysis of Stock give a Like // Follow for more updates , let me know in comments below :)
UpTrend reversal pattern signals seen in BajFinance Reasons : Daily chart trend closed below 5 MA Evening star candle stick formation seen with today close Earlier 2 inverted cross doji's formed and not activated yet Rally is paused after 31st August Volume Decreasing RSI Decreasing Trend is far away from 20 and 200 MA For healthy uptrend, stock has to test...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
RCF | Simple trendline breakout - Potential for 30% CMP : 84 (Dip : 80) SL : 74 Target : 105 Almost 1:5 risk reward setup I'm not sure if anyone of you remember our old trade in this stock. Such a wild beast :)
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
early sign of correction , as if the market correct from here then targets can be of 16400 which is a 68 % correction golden ratio of fib. Last trading day activity has revealed that seller are now active which are missing from a lot of time.
It has broken the high and retest that level if it starts moving with a good momentum then we can buy
HEMIPROP | Another Realestate stock - Potential for 35% CMP : 148 (Dip : 140) SL : 130 Target : 190 Almost 1:5 risk reward setup. Similar to IFBIND pattern This is our 4th Real estate stock entry (SOBHA, IBREALEST, L&T, SUNTECK)
L&T | Decent Cup & Handle visual - Looks good for 20% CMP : 1500 (Dip : 1460) SL : 1400 Target : 1750 (calculated based on depth of the Cup and Fibonocci) Almost 1:3+ risk reward setup
Tata Motor Daily Price has made a high of almost 350 and now looks a decent correction is coming to an end. On Long Support Trendline the Price has made a Hammer which is Bullish Sign. Tata Motor Buy Range 380-384 SL= 268 Target = 310-315 ** ASK YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE THIS IDEA IS PURELY FOR EDUCATIONAL PURPOSE **
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...