The chart explained uptrend, channel, higher high & lower low, support & resistance, volume and candle pattern. Pros : In continue uptrend with multiple support and resistance , volume surge observed as price reached EMA 21 level Cons : RSI indicating overbought zone in stock Advice : Entry will be around resistance breakout for long trade, avoid short trade....
The stock declined after breakout on good volume, only to retest the BO zone. It has made 2 inside bars at the breakout point on very low volume. Likely to pick up from here. Offers very good RR.
Pros : In continue uptrend with multiple support and resistance, volume surge observed as price reached EMA 21 level Cons : RSI indicating overbought zone in stock Advice : Entry will be resistance breakout for long trade, avoid short term trade
SRTRANSFIN 1. down side trend reversed 2. big insitutional player entry intimation of candle formed 3. rising wedge pattern take accuracy buy dip support level 4. inside flug pattern formed and break out soon 5. expected target level
ZOMATO | Simple breakout and retesting - Looks good for 15% CMP : 141 SL : 135 Target : 162 1:3 risk reward setup
HCLTECH | Breakout after 7 months range - Looks good for 18% CMP : 1068 SL : 1000 Target : Open or 1:3 minimum 1:3 risk reward setup (Profit potential calculated based on consolidation range)
ZINC Sep short Shooting star candle RSI Divergence Sell at CMP- 251.8 SL- 253.4 Target- 250.7, 249.35 Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Nifty View: Intraday volatility stays on the higher side as the benchmark Nifty index oscillated within a day’s range of 125 points. At a close of 17,386, it was a flattish positive close from the index, up just 10 points. On the daily time frame, we have clear signs of directional uncertainty thanks to formation of Dojis or small bodied candles. If banks...
Bullish candle on daily chart with highest volume since March'21. It's a Reversal breakout and Volume breakout. Last 20 days avg delivery is 57.12% Expecting consolidation zone breakout soon which is at 1845. Resistance Levels to watch: 1828 and 1845.
Nifty View: Intraday volatility makes a comeback as the benchmark Nifty oscillates within a days range of 150 points. At a close of 17,375, the index lost 28 points on a day on day basis and form a beautiful "Doji". Yesterday we spoke about the possibility of an exhaustion gap on the daily charts and keeping in mind today's price action this possibility to be an...
RALLIS | Channel Trendline support - Potential for 25-30% CMP : 292 (Dip : 280) SL : 268 Target : 370 Almost 1:4 risk reward setup
After the breakout of the consolidation BANK NIFTY has come to retest that level and made a PINBAR candle. So we can expect to see bullishness if it crosses high of the candle.
DELTACORP | Trendline support - Looks good for 30% (Another opportunity) CMP : 175 SL : 162 Target : 225, 235 1:4 risk reward setup (Targets calculated based on Fib)
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If you see the Coal India in weekly time frame, there is a trend reversal from FALLING WEDGE(marked in Black lines) to RISING WEDGE pattern (marked in Green lines). Also I observe Bullish hammer pattern exactly at trend line on weekly time frame. The stock looks bullish and you can get it for short term gains. Enter : around 142 STOP Loss: 132 Target 1:165,...
A Rounding bottom pattern is formed in mastek with a break out. Wait for a while to confirm the uptrend , then you can go long.
The stock was in down trend for past 1 month. The price correction is over and the stock has formed MORNING STAR pattern in weekly time frame, which is an indication of TREND REVERSAL and will be Bullish in coming days. Enter : Wait and Add on dips.(42-44) STOP Loss: 39 Target 1: 52 Target 2: 63 Target 3: 70 Time frame: 1months/2 months/4months Trade @ your own...
IFBIND | Trendline breakout - Looks potential for 35% CMP : 1060 SL : 985 Target : 1445 1:5 risk reward setup