Clear Rejection from higher levels and seems bears have taken control of Eicher motors Script, it can be shorted upto next demand zone of 2760
Disclaimer: I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do own research and also do take advice from your...
Some Price action and Volume Spread Analysis concepts were used. Stoploss and multiple targets levels are mentioned. Nifty 50 should remain in a Higher High Higher Low trending structure on an Hourly timeframe and possibly above 50 SMA for higher probability. Price rejection/hammer candle at support makes this trade a higher odd setup.
REC Long Bullish Harami Candle pattern found after a long down trend. Yesterday stock took support at 100 day EMA at 140 level Buy above- 145 SL- 139 Target- 155, 164 Disclaimer- We are not SEBI registered advisor. Charts and views are only 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...
The USDINR currency pair charts weekly charts showing an inverted hammer formation at previous resistance zone close by trendline channel top shows the presence of bears and could be potential reversal signal that could possibly mean it is less likely for the currency pair to move to 76 levels and beyond. The dollar index may be facing resistance before 94.7. ...
SHAKTIPUMP | RSI + Trendline breakout | Looks potential for 30% CMP : 800 (Dip : 750) SL : 730 Target : 1050 1:4 risk reward setup Target calculated based on Fib and Triangle size Not necessary to exit with the stoploss at 730, it has very good support till 650. This stoploss is only applicable for momentum trade who is taking breakout trades as per this pattern.
L&T Finance has been in a long-term downtrend falling wedge, that has beautifully drawn out into an Inverse Head & Shoulders reversal pattern. The stock is now trading above all its long-term moving averages, which provides strong support to push up towards the targets indicated.
GREENPLY | Clean breakout and retest on new demand zone - Looks potential for 50-60% CMP : 195 (Dip : 180) SL : 160 Target : 290 1:5+ risk reward setup
NSE:LAXMIMACH Broke longterm resistance line at 8400. An Inside candle Pattern dated 5th Oct 2021 is also broken. The volume that's seen on 14th Oct 2021 was never seen in the last 6 months.
LOW 200 SMA SUPPORT Volatility on alts is very fast, especially doggy coin. BUY THE DIP Great opportunity to catch a scalp towards the higher end of the range. Doggy coin is moving sideways, trading rangebound. down 20% from most recent push upwards. Take profit around .26 or move SL at B.E and let ride
Key Point : - Pole and FLAG - Moving average crossover - Support and Resistance - Favourable R:R
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...
Another Typical price pattern getting ready for sharp move on the upside. HDFC BANK Price Retraced from All time High, Retracement is 18.5% from top approximately. As of now price is forming Higher-High structure on Weekly chart's & now Broken Out of Triangular pattern decisively. Price movement will be sharper once we closed above All time high on Daily...
DAAWAT (aka) LTFOOD | Trendline breakout - Looks potential for 16% CMP : 71 SL : 67 Target : 82, 90 Almost 1:4 risk reward setup
M&M : CMP 775.45 trade set up : buy above 783 keeping stop loss as 760 on closing basis targets : 805/843/867/912/940+ technical buy based on : 1. triangle 2. breakout concept 3. volume 4. bullish engulfing 5. trend line resistance breakout
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...
TATACOFFEE | Small channel breakout - Potentially 13% CMP : 215 SL : 205 Target : 240 1:3 risk reward setup