RELIANCE undoubtedly is a stock that managed to dodge the market carnage and gained significantly in the last two months. However the shorter time frame chart suggests profit booking and this could continue. The stock can find significant resistance near 1530-1570 levels. Upper range of this level can be used a stop loss and any move towards these levels can be...
Bogged down by a few issues, Yes Bank is gamely soldiering on. With a strong banks consortium trying its best to pull it out, there could emerge a winner. Risk reward is very favourable. Any positive news flow can propel it and give 2x return at the very least. Accumulate...Break above 31 can prove decisive in the counter.
Titan, one of the darling stocks in discretionary consumption space had taken a beating in the recent market fall. After the down move the prices have been consolidating in a triangle and could provide trading opportunities on both sides. However the short term indicator setup suggests that a long trade near the levels mentioned in the chart can be quite rewarding...
The script lost close to 50 percent of its price from the beginning of this year. After falling near to 250 levels prices have been consolidating with an upward bias. If the upper end of the current consolidation range is broken the prices can test 340-360 on the upside. However it remains to be seen whether the prices will be able to close above these levels...
Its not uncommon to see a stock trading within a range but its uncommon to see a stock playing around the axis line in a disciplined fashion on higher time frames.
For an axis line to develop, firstly we should have an uptrend and a downtrend line converging at the apex as in this case. After that we should look for points where the price is rejected multiple...
Coal India is now moving comfortably in a channel, only should look for a Long Opportunity if and when it Breaks out.
SL - Half the width of the channel, and first target Width of the channel..
May take time for the entry point to Develop, but will be a good trade.
The stock has made bottom on 16th October and given 3 days big rally i.e. we can consider short term trend change. After that stock was trading in 24 days consolidation zone and today it has given breakout to the same. The stock is trading below 200 DMA but it is looking good for the short term.
We can buy HEG from current levels for targets of 1200/1250/1300...
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 4 to 6 times.