BHARATFORGE - AN IMPORTANT LEVEL487.5 IS AN IMPORTANT LEVEL TO CONSIDER FOR BHARATFORGE AS IT ACTED AS A SUPPORTED IN THE PAST.
NOW THE SAME LEVEL IS ACTING AS RESISTANCE .
WATCH OUT FOR A STRONG CLOSE ABOVE 487.5 BEFORE ENTERING A LONG POSITION.
ALSO REMEMBER THAT ALL DEFENCE STOCKS CAN BE BULLISH FROM HERE
Look at the charts and make an informed decision.
Thank You
Happy Trading
Beware of risk involved in stock market and this is for educational purpose only.
Consolidation
Supreme Ind- Multi Year BreakoutThis stock has tested this high thrice already before and as mentioned Chart is of WEEKLY timeframe. Since Jan 2018 this stock is testing this level and returning back but as concept of resistance tells us that once a level is being tested again and again it starts becoming weak combining it with its halt near breakout gives this stock a better scenario and probability of success also increases. So sooner or later once this will break and close above 1430 it should be ready for a good move.
Keep an eye folks.Happy Trading.
Disclaimer : Please trade with your own risk and trade with caution.
EIDPary- A Box BreakoutAfter a Bull run stock started consolidating at higher levels and now ready to go for new highs.
Today's closing (near high of the day) and volume indicating some big interest in the stock.
Once stock moves past 315 it should be ready to reach 350 levels.
Keep an eye folks .....
Disclaimer: i am not SEBI registered. Please trade with your own risk.
Bajaj AutoA retracement from its resistance till the 1st level I.e: 23.6% and then taking a support at 200 ema along with rejection and consolidation can make a good bet for short term buying.
All the volumes indicating that the positions are already created and now lets rock and rolllllll.
Potential buy above 2930 with sl of 200 ema for target of 3000 and 3100.
Keep and eye and cheeres.
Disclaimer:- I am not SEBI registered. Trade with your own risk.
BULLISH SETUP After a terrific upmove in june month, stock has gone through a good consolidation phase and has given clear breakout with decent volumes and RSI showing some great strength. Also cup and handle formation at the top gives dual confirmation for the setup. One can expect good returns in short to mid term.
Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading, Happy Investing!
Breakout trade IRCTC is poised to give good returns with good risk to reward ratio as the setup looks good. A clear breakout from an ascending triangle pattern and a good consolidation since last 2 months. Breakout is supported by good volumes and RSI showing the charge of bulls. One can expect good returns in near short to mid term.
Disclaimer: Take this view for educational purpose. Trade/Invest on your own risk.
Happy trading, happy investing!