Candlestickpattern
WATCHOUT FOR THIS!!!Again, this stock was on my list from past month where it had to be accumulated and it has finally come out of the consolidation zone, it looks likely to give a breakout over 560 this week, make your positions on the long side with the mentioned stop-loss, stock has a lot of potential and can actually surpass it's all time highs!
A clear breakout in Lincoln PharmaWith the surge in volume, this stock is clearly a hot pick for positional trade. The only concern is that it has back to back green candle with a higher high and higher lows which mean that there is a chance of retracement in the stock. So either you can pick the stock while it retraces or can be taken in few quantities and do averaging while it retraces.
As it is near its all-time high you can put your own target with Trailing Stoploss.
This stock can also be picked for long term investment as it is a fundamentally strong Pharma company.
View on NIFTY➡ Nifty took support from the demand zone
➡ "Bullish Harami" has formed above the support
➡ Right now Nifty at a correction phase
➡ Nifty needs to break the channel to go up
➡ Due to Covid situation Nifty showing some weakness
➡ Hence, Nifty may fall
⚪ NIfty needs to close above 14938 to go up further
⚪ 14281 is a strong support
⚪ If it closes below 14281 next support will be at 13760
🔴 DISCLAIMER : This is just for educational purpose....
HDFC Bank - Ready to lead Bank Nifty again ?Stock has given bullish signs on Daily candle. Also taken support at long term Trendline today.
If stock breaks 1500 then go long with SL of 1460 and target of 1525, 1565 in coming days.
P.S. Trade in small quantity as per your Risk Management as its a risky bet considering recent volatility