Euro/usd under consolidation and expected to take ressistance or may break the resistance
1> Major Resistance Break out after after consolidation near resistance level 2> Bollinger Band Squeez Break Out with high volume 3> RSI sustained above 50 since Nov 2020 and now crossed above 60
Explanation in Chart. NESCO for Short/Long term possible post breakout. Keep Watch. SL 470. TGT 780.
Short Bank Nifty Below 31000: Target: 30450-30550. Stop Loss: 31050. RSI and MACD suggest shorting possibility. Look at RSI for retracement till 50. Look at MACD for histogram and preferably trade after the red part of the histogram begins till it peaks. Target Won't be activated if Bank Nifty Opens Gap up which is unlikely for now. Long possible above 31500 but...
Buy Relaxo above 811 stoploss of 780 and Target is 835 and 855.. Study: Ascending triangle Breakout with Big Volume at 803 and stock now consolidating at 805 to 810 range ...after breaking these range stock can move up further... Note: All levels are on closing Basis.
Stock hit the upper circuit today which was above the previous high which confirms it's breakout. Position can be made for some good amount of money with the stop-loss and targets mentioned on charts.
It Broke Consolidation Zone, (1W-TIMEFRAME) Possible TARGET 109 Soon !! NOTE: This Analysis Based On 1 Week Time frame, Targets May Achieve Within Period Of 3 to 6 Months. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
BANKNIFTY | Strong Flag formation - Hope to see 32500 in a week time. Lets see what triggers BANKNIFTY to reach the target 🙂 CMP : 31200 SL : 31000 (But strong support @ 30935) Target : 32500
WIPRO | Good contraction - Looks good for 10% CMP : 342 SL : 329 Target : 380 1:3+ risk reward
SBI - I love this multiyear consolidation !!!!
HDFCBANK | Small range bound opportunity for 6% - Infact this is one of the main reason why i was bullish in the morning in BANKNIFTY CMP : 1373 (Dip upto 1355) Target : 1445 SL : 1343 Simple 1:3 risk reward setup
BATAINDIA | Good consolidation getting ready for next move CMP : 1575 ((RSI is weak, so buy just 60% now, remaining at 1540 level but until 1480 there is no risk at all) SL : 1450 Target : 1850 1:3 risk reward setup
Good consolidation near resistance , showing strength of buyers and also 20 DMA aligning with Trend line. Strict SL can be followed and later it can be trailed.
COROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame. Looks good for 18% CMP : 845 SL : 790 Target : 980 P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.
it has been consolidating since Aug-2020 between 700-830 levels. Stock has formed morning star pattern on daily basis at support trendline. Stock has closed above 800 level on weekly scale. it has given breakout on hourly chart at resistance trendline. It is forming Higher lows on daily basis. RSI is at 55 levels, bullishness intact. breakout at 830 levels could...
AXISBANK has consolidated at current level for 9 weeks in the past, currently it has consolidated for 6 weeks. breakout is possible in the next 3 weeks. if it encounters unexpected down move, 530-550 range could be a support. it took support at 50EMA and closed above 20EMA on daily scale. 630 has been key resistance on monthly scale too. 637 has been resistance...
NSE:HEIDELBERG Wait for Weekly breakout or else enter with pyramiding near lower trendlineSafe players can enter the trade on retracement with strict SL..... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is...
NSE:STLTECH Levels are mentioned in the chart... Note: 1. Views are personal. Recheck and take the trade as per your RR. 2. Always remember SL is your lifeline not the big target... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational...