I have noted this is the bottom of this share made double bottom twice levels mentioned on chart and monthly chart indicates rounding bottom.
Go long on this share with mentioned stop loss levels below! Positional players can hold this share for long term very bullish script
Chemical Sector seems in good move
Bodal is in good momentum and given inveretd head and shoulder breakout in previous session
If Previous day high breaks, Long can be initiated wsl 66
Target 130, 155
Short term trade
Disclaimer : This idea is for only educational purpose
BANKNIFTY | Small Cup & Handle inside the channel - Looks good 1000+ points - Expecting the gap to be sealed
CMP : 35339
SL : 34950
Target : 36500
1:3+ risk reward setup
P.S : Vix is high, market is in consolidation mode so prefer to use spread.
Buy 35500 CE
Sell 36500 CE (This would take care of the Time decay, Volatility crash of the option we buy so...
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--- Trade was given on -10 -FEB -2021
--- Got 23 likes & few comments
Trade is Closed in PROFIT on 11- FEB -2021 ( 2 days )
bought @ 4958
booked @ 5376
pints earned =418
lot size = 250
PROFIT booked per lot = 1,00,000 ( 8.44 % )
👇👇👇👇👇👇 CLICK the chart for the proof...
#CDSL FLAG BO, CUP & HANDLE formation
1. FLAG Pattern BO
2. On verge of CUP & HANDLE BO
3. Accumulate upto 539
4. SL 530
5. TARGETs 622, 668, 713, 778,
861-874 (may act as imp resistance),
966, 1021, 1100+
1. Breakout after long time consolidation. Gave cup and handle BO
2. Round bottom formation.
3. Spurt in volume this time to support BO.
Good opportunity for BO traders, though should wait for candle to finish before entering.
Pull back traders can wait for pull back as well.
This is only for educational purpose and not any recommendation.
Long Trade Opportunity
Breakout after nice consolidation.
Cup & handle pattern with BO from supply zone with volume support.
Pull Back also done.
Target is choose based on multi-time frame resistance. RR 1.05
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