Daily Charts
How to Draw Trend lines In a ChartSteps To Follow -
1- Open The Chart In DTF (Daily Time Frame)
2- Switch To Line Graph To Capture CLOSING PRICE Of Stock
3- Now Take Trend Line From Your TOOLS and Construct A Trend Line (Joinig the CLOSING PRICE of Stock)
4- After Constructing The Trend Line ( SEE ALL POSSIBLE CLOSSING PRICES IN THE CHART )
5- Now Switch to CANDLESTICK CHART
6 Now see where your stock price moving ( IF IT IS AT GOOD TRADE ABLE LEVELS THEN INITIATE YOUR TRADE AS PER YOUR SETUP )
NSE:DYNAMATECH
IBREALEST Daily looking BullishIBREALEST Daily Inverted Head n Shoulder BO with retest of neck line. Good to buy at 80 for target of 97 with SL of 73.
Jubilant Ind Daily loooking bullishJubilant Ind daily had TLBO with 200 ema support. Good to buy at 524 for target of 766 with SL of 422
MRPL -- DAILY TRENDLINE BREAKOUT MRPL -- DAILY CHART -- TRENDLINE BREAKOUT
1. MRPL seen trendline breakout on daily chart last closing candle with good volumn
2. consolidation seen at 68-73 level last few session and consecutive bottom formation seen around this level where breakout of consolidation also seen
3. stock can move to bullish since trix flow line also turn green and look for breakout above o line
4. positional long trede can initiate with good risk reward ratio buy at 75 level for target 80-90-100+ ( 1-2 month ) Stop loss bellow 65
5. this quarter performance is look inline and better as fundamental improves so price wise reflection can seen .
** THIS IDEA IS for Educational purpose ** trade at own risk !!
HAPPY TRADING !!
Compusoft Daily looking bullishCompusoft daily.. on Monday there was upper circuit to the stock. The big bullish candle crossed 200 ema on daily chart.
There is a buying seen from the buying zone.
Good to buy at 23.60 for target of the slanting trendline i.e. 29.75 with SL below hammer i.e. 20.
Looks more bullish if the trendline is break. Can buy half of the qty and if the trendline breaks can buy another half qty with trailing SL below trendline.
Ascending triangle breakout in PAYTM ?Ascending Triangle Breakout in PAYTM in Daily Chart.
After the continues down fall from the listing, now, the downside momentum was paused.
Bulls are slowly taking control of the stock, Previously they tired for breakout but stock was stuck in 750-770 range.
Then stock came around 680 range where there was a strong trend line support. Next day formed inside bar candle, by that again bulls paused further downside movement.
Now, the stock broke its previous 750-770 range with good candle supported by volume.
So, 770 range will be immediate support, 720 will be next Important support
Stock has a potential to reach 930 level in coming days.
If any one taking trade now, 730 will be SL.
Any one taking position for retest, then Risk taker keep 678 as SL. For less Risk taker 697 will the SL.
Overall analysis is given in the chart.
This is just a view not a recommendation to trade. Do your own analysis before taking trade.
NSE:PAYTM
Possible trend breakout in ISGEC Daily chartOver the past few months, this stock has been correcting from its 52-week high. 500-520 which earlier acted like major support was broken and now acting as assistance. now price is testing this level for upward momentum. Watch out for this breakout and we can buy if the price closes above 535 with good volume in day chart.
Trade set-up
1)Entry around 535-540
2) Target 582, 677, 828.
3) Maintain strict Sl at 436.
This is just a view, not a recommendation. Do your own analysis before taking any decision.
Please let me know your views on this in the comment section.
Colpal is in very important level in a Daily chart?Yet to break imp resistance, if it break with proper candle with volume. then we can see upside movement in coming days.
After the breakout stock can go 1650 first then it will go to 1674 level. stock has a potential to reach 1800 level.
After the breakout previous resistance should turn as support. then we can take entry in retest by keeping sl below 1570.
1470-1480 Will be the strong demand zone.
Wait for the proper breakout to enter with proper Risk Reward.
This is just a view not recommendation to trade. Do your own analysis before taking any trade.
Share your view in comment section.
NSE:COLPAL
Possible Zone Breakout in Ganesh BenzoplastGanesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.
Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop loss at 120.
Note:-
This is not a recommendation. Do your own analysis.
Pls feel free to share your thoughts on this trade.
thanks.






















