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.
Infosys has broken out of a long consolidation range and further we could look at a trendline resistance cracked. Daily candles have been solid for past couple of days. Noticeably, breakout candle had massive volume. These factors advocate strong bullish bias. Potential magnitude of upward movement can be derived from the depth of the consolidation which suggests...
After 10 weeks of consolidation, Mindtree looks to break down from the range. However, it would be better to wait for a daily close below 964 for confirmation. Noticeable supports are at respective Fibonacci levels and a rising trendline.
VIP Industries in recent weeks is in a sideways trend since February. Taking a broader look we could find the price action is forming lower highs and higher lows leading to a triangle pattern.
Currently, the stock looks to be in the middle of both the patterns and only a breakout could give us a clue on next big swing. It would be wise to get in if either 485 or...
KTKBANK is consolidating between 130<>138 for more than a week, we'll look for trades on either sides
Entry : Long Abv 138 <=> Short Blw 130 Range
Stoploss : 5% (Closing Basis)
Basic Target: 10%
if you have any queries regarding above idea or any other stock feel free to D'M
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As we can clearly see how it has been lashed down in the last trading session from the resistance forming a piercing pattern on 1 day chart and Bearish Engulfing on 60mins & 240mins chart. The current resistance is showing strength and pushing price down to retest the monthly blue coloured trend line which it has crossed in march. After that only we can expect...