long set up after a fresh weekly breakout
NIFTY FORMED a HANGING MAN pattern and reached RSI above 70..
SELL below 70.25. Trend line and resistance breakout. Long wick and confirmation candle. 0.3% target and stoploss.
Petronet has been in corrective phase for last 9 months. After posting an all time high of 275 in Nov' 17, the stock has corrected almost 25% in last 9 months. Last month the stock formed a perfect Doji Star on monthly chart. This month it is likely to close above last month close which will result in Bullish Engulfing candlestick pattern. Also the stock is...
Hindalco shooting star at a resistance level. Good short opportunity once stock breaks the low of friday .
SELL Below 24.05. Double bottom pattern. Tweezer top candle formation. And trend line reversal.
A pinbar today on a good resistance level . Possible break out / reversal expected once the level breaches . Long term view is bullish as positive sentiments for ITC .
Short term trade for indiabulls. Bearish engulfing closed today . Also overbought on RSI. Can short once it breaches 1297 for target of 1276.
STBT ON LUPIN BEARISH ENGULFING AUGUST FUTURES TRADE SHORT @797 STOP @807 TARGET @787 LOT:600 QTY;2
Resistance level breakout. Buy above 272.90. Sell below 269.50
BTST IN GRASIM MARABUZO CANDLE JULY FUTURES BUY@998 STOP@990 TARGET@1010 LOT:750 QTY:1
BTST IN CANARA BANK JULY FUTURES BUY@253 STOP@250 TARGET@258 LOT:1600 QTY:2
There is a nice confluence of Harmonic Bat pattern and Parallel Channel. The stock has formed a bearish engulfing today showing the weakness. One can sell the stock as the details given below Entry 91.50 SL 96.50 Target 82.5 RR ratio 1.80 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Price is forming down sloping channel and it has already retested the upper channel so there is a good structure for shorting the stock. One can short at current level with SL of 546 for the target of 495. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
bullish on the stock , for a considerable upside lets see !
After a steep fall from 1289 to 1050 levels, looks like Shriram Transport Finance NSE:SRTRANSFIN has been slowly rising upward. I can see that the stock has taken support between 50% and 61.8% of the previous uptrend, and has formed a Morning Star Reversal pattern. Good opportunity to go long here with a stop loss of 1139 for successive targets of 1237 and...
buy at 1203 sl 1275 for aggressive traders only