HINDUSTAN PETROL: 1 HR TF
1 HR TREND HAS TO CHANGE TO BUY TREND. NOW ITS UNDER RETRACEMENT . WHEN TREND REVERSL HAPPEN IN LOWER TF.
ENTER THE TRADE.
STOP LOSS: WHEN TREND REVERSAL HAPPEN BASED ON THAT WE PLACE THE STOP LOSS.
STATE BANK OF INDIA (SBIN).
SBIN CLOSE THE WEEKLY RESISTANCE. AFTER LONG STRUGGLE.
NOW THE RESISTANCE SHOULD CONSIDER AS AN SUPPORT
BUT, HERE INSTITUTIONAL PLAYERS ARE POSSIBLE TO ENTER. SO, WAIT TO WEEKLY CANDLE CLOSE ABOVE THE WEEKLY SUPPLY ZONE.
THEN ENTER THE MARKET. THAT MUST BE SAFE AND WE MAKE A GOOD PROFIT.
CMP : 920
SL : 823
Target : 1060, 1150
1) Very bullish trendline breakout
2) High dividend paying company so attracting buyers more on dips. Recently provided Rs.35/- per share, that is almost 3.5% yield.
3) Excellent delivery volume last 2 weeks, on average the company is having 40% + almost everyday.
4) Cup & Handle is pattern is very strong in sideways...
Today earnings of Reliance industries were declared. It is very clear that the bottom-line of business took a good hit.
Now, RIL has issued the right issue. Here is my look at how as an investor you should look at it.
The right issue will technically reduce your ownership if you don't participate in the right issue. I think one can sell RIL from current level...
"Mirc Electronic" looks positive in Daily chart with forming Higher High's and Higher Low's. According to that the prices are having bull run. Now, going to Intraday 1 hour chart we can see that there is a Trend Line support at current market price indicating that prices may recover from current levels. Adding to that we, Secondly, Usage of Fib Retracement of very...
buy around 135.8 sl 134.8 target 136.95 138.25 ,140.65
buy nmdc 135 ce around 3.65 sl 3 target1 4.2, 5.35, 6.75 positional
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