Entry – CMP 1,330 ( can enter around 1280-1300 levels too to tighten the Stop loss)
Stop loss -1215 Daily close (Tight Stop 1280)
Target 1 – 1730
Target 2- 1950
Duration – 2-3 years
Co has good Fundamentals and is available at beaten down prices
Co is one of the largest tyre manufacturers and is one of the fastest growing tyre companies in India
Co has debt to...
NSE:STAR is trading near major support zone.
Also the 38.2% of the fibonacci level lies in that support zone. which indicates the strength of the bulls in that zone.
but we can also see that it forms a Descending triangle pattern which indicates more fall in the stock (Theoretically).
Do your own analysis and wait for the direction.
* DEEPAK NITRATE:-
* MAJOR TREND : UP
* NOW DECENDING TRIANGLE PATTERN
* NOW LOOKS RESISTANCE TURNS SUPPORT
* WAIT FOR BREAKOUT AND RETEST FOR LONG
*SAFE PLAYERS CAN GO LONG ABOVE 1875
MY TGTS 1992 T2 2160
Here is my 2 cents on HDFC LIFE as why I am very bullish on the stock
1.Inverse Head and Shoulders pattern on daily and weekly time frame.
2.Decending Triangular pattern on upside, signifying continuation of major trend i.e., uptrend.
3.100 day Moving Average support.
4.3rd time taking support on the trend line.
5.Stock taking support 3rd time at 0.236 Fibonacci...
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Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...