The market had been making a lower low and lower high so the bears have been in control and the trend has been bearish So it is always advisable to follow the trend A sweep above the OB had occurred and then the buyers were trapped before a huge fall
Midcap nifty clearly has bearish angle in 1D 1H timeframes. I only consider it bearish ones it start giving closing below the channel levels. But keep an eye whenever these triggers it will give bigger trades. Please keep following the below updates which i do on regular bases. If any changes in the plan you will get glimps of it. Also market is so unpredictable...
I shared this short set-up of Gold with you yesterday and today Gold has given us more than 100+ pips
ITC is forming reverse poll & flag pattern. Whichever side it breaks will generate good momentum. In most of the cases it's upside but you never know if that triangle breaks down side, it can give good selling pressure there too.
Hindustan petrol has simple inverted h&S pattern formation. good upside move possible.
KSL has given flag pattern breakout. Metal index has also given a breakout yesterday so if it supports KSL breakout then we can see previous swing highs of 975, 1075, 1100,1200,1300 soon.
It has good consolidation breakout in 2hr timeframe. Keep accumulating it for the good higher target if sustains on the given levels. Keep trailing SLs as per your needs.
Indiamart is coming out of flag pattern breakout. Good upside should be done if sustains there. Today's volume is high too.
Lupin pharmaceuticals has formed classical double bottom W pattern in 15mnt, weekly & monthly timeframe. Just to illustrate easily i have posted weekly timeframe screenshot. It should sustain above 1200 levels. Nice 3 weeks consolidation seen on that levels. Looks like it’s ready to move mies away. Because this technical pattern targets are normally upside...
BPCL long term trend is looking bullish. Fibo between the golden retracement plus it has rejected & reversed the head & shoulder pattern along with macd crossover. Above the 100 200 EMA. Cant ignore this price action, 15% upside clearly visible in 4-6 weeks time. Follow the below levels. Target1 611 Target2 628 Target3 647 Target4 666 Target5 688 Target6...
Short Term Trading Advice by Goodluck Capital Buy V-Guard Buy Range- 404 - 410 Target- 430 - 435 StopLoss- below 390 Potential Return- 6-7% Approx trade duration 14 - 15 days
Jindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
USDJPY looking bit bold if it breakout upper level. Targets will be bit bold.
Hindustan Copper has long consolidation pattern and now given good breckout with the volumes. Again it has my favourite pattern. Slanted inverted head & shoulders pattern. 260-265 will be good accumulation zone for this stock. It’s for long term investment or swing purpose. Target1 339 Target2 415 Target3 466 Target4 522 Target5 586 Target6 658 DISCALIMER: I...
Birlasoft showed good strength earlier. Consolidating in the zone. Will rise again from the last support.
Motherson wires has great breakout and good opportunity to trade for double or more. Autos sector becoming super bullish although this stock is not charging up.
Ashok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets. Keep...
Above 2170 it can blast. Please follow the upper levels. It has lot of strength. According to fibo follow the levels.