Channelbreak
Consolidating in a channel: Godrej IndustriesGreen candle days show accumulation; complimented by a bullish MACD. We could see a break above 555 levels.
TATA MOTORS CHANNEL BREAK UPSIDE :)NSE:TATAMOTORS Channel Breakout, waiting for crossovers.
Disclaimer: Please consult your financial advisor before investing.
Channel Breakout and Support TestedTrend Channel was breached and the market tested the channel support again.
Support worked well, possibly indicating an upward movement
V-Guard short term viewWeekly indicators are looking weak. It can slide upto 213 range.
Stoploss:241(closing basis)
Vijayaraghavan,
Kovilpatti.
Buy if the L&T services breaks out & closes above the channel..Buy if the L&T services breaks out & closes above the channel..
#ExideInd Cash : Good around 222-225 for 245-250EXIDEIND CASH - POSITIONAL
BUY AROUND 222-225 SL 215 TGT 235/245/250
CMP 227.1
Is it time for Resuming the uptrend?The script has retraced to 61.8% and taking a support here for past week.
It has also formed a descending channel after the bull run, forming bullish flag.
Considering last 10 days, it is forming an ascending triangle.
Breaking above the upper boundary of the channel + Upper boundary of ascending triangle,
chances are that the script will resume its bull run to 127.2%.
Enter the trade above 788
Target1: 854
Target2: 864
Target3: 880
SL 759.1
Any opposing thoughts are welcome, positive criticisms helps us learn.
Disclaimer: This is for educational purpose only. Trade after consulting your financial adviser.
sell maruti!!!?? what??/ (chill.... for short term only)as maruti has already rallied enough ..and now struggling a bit to sustain at high levels ..i expect a good fall and retest lower levels ...lets wait and watch!
BUY JSW ENERGY MEDIUM TERM @ CMP 75, Stop Loss 48, TARGET 110NSE:JSWENERGY was moving in in Downward Channel on Weekly Chart, and the stock broke this channel in the 1st week on September there after we witnessed a swift rally 81.70.
Trading in better rewarding as risk is comparative lesser where you try to gauge reversal at channel extremes and take advantage of low stop loss during this reversal points. Channel breakouts on the other hand are extremely difficult to trade because stock has tremendous volatility and getting a proper entry during this high volatile period is a challenge. The ideal way is to wait for the initial volatility and euphoria to die down and let the stock consolidate and wait for channel role reversal of channel support/resistance .
NSE:JSWSTEEL after 2nd week of September there was a correction with lower volumes and the stock test the support of the channel which earlier was resisting the stock. This should be an Ideal entry point. This is a medium term trade, from increasing volumes we can make out the participation phase.
Duration should be 6-8 months for this and we can expect around 50% return on investment.
JHS SVENDGAARD - Breakout with VolumesStock has broken out with huge volumes in the past 2 weeks and has doubled. Previously stock has been moving in the marked channel for some time.
Buy above 62 with first target of 80 Rs and SL of 46 Rs
Descending Channel on Berger - will it break or make ?Descending Channel on Berger - will it break or make ?
Trade:
Long Entry - 257.80
Target - 267.50
Stop loss - 249.50
YES BANK: CHANNEL BREAKNotes on the chart.
Hit Like/comment
Trade Safe, Be healthy
Apply your own due diligence before trading.
Regards
Bravetotrade
nmdc looks bullish in medium term.in weekly time frame, morning star is formed at the horizontal support zone which coincides with .618 retracement of prior downtrend.
Also in daily time frame there is a breakout from downtrend channel with good volume, It seems trend reversal is done here and price should move from now on.
here sl should be - 102 (below morning star low), 1st tgt - 131 (immediate resistance) 2nd tgt - 150 (previous swing high).
Will it Make or Break the Ascending Channel on Bank NiftyWill it Make or Break the Ascending Channel pattern on Bank Nifty. Principles of Ascending Channel - the price will break on downside and leads to fall. On here, bear doesn't have the strength to fall or make a big movement on downside. Probability, the price may pull up inside the channel.
Note: I am giving the levels according to the pattern principle.
Trade:
Short level - 24000
Level 1 - 23950
Level 2 - 23900
Level 3 - 23850
Stop level - 24060
cadila healthcare looks bullish in short termchannel breakout with good volume, in 4H time frame. in weekly time frame it is in strong uptrend.
sl - below swing low - 508, tgt - previous swing high - 555.
also there is a cup n handle probability in daily
BPCL: Breakout Failure EntryWe dun know yet that whether this course of action will be followed or not but If and when the price breaks out of the channel, below the the moving average, one can look for an aggressive entry at the first bullish sign in the anticipation of a breakdown failure. The trade is riskier but that's the beauty of this trade.
Or else if the price breaks on the upside first, beyond 665, that would be a different type of trade.
Hit like if you think this information is useful.
Trade safe, stay healthy.
Best Regards
Afraidtotrade
Hindalco : Breakout Off of Daily coupled with 15 Min TFHindalco has been struggling to Break out of the Range since months on Daily TF, but this time theirs high probablity of breaking out of the range looking at the maturity of the pattern on Daily TF.
The Channel as well as The Ichimoku Cloud has been broken out on 15 min TF. After the open on Monday, Hindalco may test the 200-201 level which is a strong area to enter into the trade. Targets can be around 207-210 or one may trail the Stoploss. SL should be at around 198.30. Good R/R Trade.
It may take a day or two to reach the targets.. so I'll keep you all updating on this, Stay Tuned :)
Bears In Control!Reasons to Short :
1. Cloud Breakout
2. pullback at 38.2 Fib Level
3. Resistance at 50 period EMA
4. Wicks at 1162 Resistance level.
5. Evening Star
6. Downtrend, obviously :)
Entry, SL, Targets are as plotted on Chart.
Bhel Breakout on Bswing !Stated our reasons in Bhel chart itself, if you have specific queries then drop in, No worries :)
Nifty : Hate to watch, Love to Trade !The extended Bull run may have a hearty laugh at bears today unless the market opens gap down or break of trendline happens. Nifty is expected to go around 9180's n face resistance , with some bear confirmation , short positions can be initiated. But the Bear trend gets confirmed on break of red trendline. Else, Bulls will close the market with extended rally which I hate to watch but love to trade :)
Yep ! Thats the Game Nifty offers Us :)
