Darvasboxstrategy
TITAN : Darvas box breakoutNSE:TITAN was trading inside the range(box) for nearly 6 months and finally broken out with a wide range bullish candle supported by heavy volume.
Note : Before breakout the stock consolidated near resistance for around 6 days(Highlighted in yellow). Hence the stock might continue to rally for another session and then pullback. Always do not chase the price take it on a discount(correction).
TECH MAHINDRA - DARVAS Box and Negative RSI divergenceNegative Divergence is seen in the weekly chart of Techmahindra. So trade carefully in upcoming days.
TITAN - DARVAS BOX + RSI DIVERGENCEWeekly chart of TITAN clearly indicates the price is in verge of DARVAS box breakout but in RSI, there is a negative divergence seen. So we have to wait for the upcoming weekly close before going long in this stock
Reliance - Buy at 2283 - 2290NSE:RELIANCE
Strong demand at 2283. (Bottom of the box)
Targets - 2369 (Top of the box)
Or Wait till the price is broken on the upside(2369) and place the buy order.
SL - Risk 1% of your money.
Disclaimer: Author may enter in trade, take your own decision. This is an trading idea not an trading or Investment advice.
Darvas Breakout ?looks like it is breaking the resistance from April, Supporting volume is available as well.
Alembic Pharma Long Term IdeaNSE:APLLTD
Alembic recently posted great Q4 results and the stock has been trading in a fixed zone since a lot of years. The stock however closed above the box for the first time and if anyone follows the Darvas Box strategy, it gives us a good signal to go long as the volume has also inm=creased considerably.
I won't be getting into the fundamentals,if anyone would like my analysis on the same then you can ping me.
Trade/Invest as per you RR. I had gone long in it 8 days ago and it has already fetched me a 12% return. However,I will keep it in my holdings for the time being until I get a sell signal.
