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.
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Trade safe, stay healthy.
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Afraidtotrade
Channelbreak
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 :)
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 :)
Infratel Long Double bottom Action/Reaction TradeThe pattern is simple and clear so doesn't require much details. After breakout it is retesting from the above which could be an opportunity to go long with small stop loss. It has also broken the down sloping trendline.channel and trading above it convincingly another confirmation for a trend reversal. One can look a target of 357 - 370.
Channel Breakout + Shark PatternGiven channel breakout on daily chart & about to re-test the trend line.
On the other hand, A Shark ( Harmonic Pattern ) is on the making & it may be a good trade if we can get it around 11.5 to 12 ( if price action supports).
Stop loss would be below the green zone & Targets shown in the chart.
Mahindra & Mahindra Flag Breakout It is been observed on the daily chart that the price action firstly forms a double bottom at 1140 levels and then went up and breaks above the previous resistance of 1215 levels. Then it consolidates in a downward channel or flag formation and now it has broken and closed above the channel/flag indicating further bullish move ahead.
Target: 1250
Stoploss: 1200