CADILAHC HEALTHCARE SEEMS VERY BULLISH FROM HERE.
1) Near multi-year support of June 2017.
2) Good risk-reward ratio.
3) Support Re-testing.
4) BUY from current levels with Sl 550 on a closing basis.
5) Positional view for the first target of 600 if crossing above this levels........ hold for 660/700 levels.
6) RSI divergence on the daily chart.
7) CUP pattern...
As we can see from the monthly chart of #BSERealty, it is creating a cup pattern and is projected to break a 10-year breakout by periodically breaking each level. All levels are resistant until they are broken, at which point they become support. Below are the levels
Level 1: 2861.17 (Done & Current Support)
Level 2: 3647.10 (Current Target and Resistance)
DLF break the support of 317 after making cup patter,
So two things can happen in this scenarios, First DLF can goes down and take support of 296,
Second DLF can give move once it cross 320, for the target of 340.
So trade according to the setup.
What's your view on this comment below in the box.
Cup pattern is made in Banknifty
Trend line is also showing after the level of 34900 Banknifty can give the up move.
So if Banknifty goes above 34900 then you can buy CE for the targets of 34200.
what your view's on this comment below in the box
Price forming 2 types of pattern.
Cup pattern - Price completing the cup pattern and it is all set to break and move up.
Head and shoulder pattern - Right shoulder completed and it is ready to break and move up.
Bhansali Engineering Polymers Ltd: A year and 4-month long cup formed and now trying to break out the pattern with a spike in the volumes. Increased buyer participation. If there is pullback at this point wait for it to come back and break the neck for a break out from that level. Entry INR 81 (Closing basis). Stop Loss INR 76.95 Target INR 96 to 115
TIMKEN INDIA. Likely gathering some momentum. Waiting for volume confirmation. Watchlisted for now.
Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
Bajaj Finserv looks good for around 5-7% upside gain. Pattern “cup” breakout with very good volume, RSI also showing good strength. Let’s see..
Please study before taking any action, this is just to record my personal trades..