Demand Zone
CastrolInd bounce back???Head and shoulder pattern is formed. Generally, head and shoulder pattern formed is formed in uptrend as a reversal pattern and inverted H&S pattern in downtrend. But, here h&s is formed in downtrend, still I am considering as a reversal pattern and other details are mentioned on the chart. Happy trading :)
SWING TRADE IN HDFC SEPTEMBER FUTURES RESISTANCE BREAKOUT BUY@SWING TRADE IN HDFC
SEPTEMBER FUTURES
RESISTANCE BREAKOUT
BUY@1948
STOP@1930
TARGET@1970
LOT:500
QTY:2
SWING TRADE IN EQUITAS SEPT FUTSWING TRADE IN EQUITAS
SEPTEMBER FUTURES
BUY@158.5
STOP@154
TARGET@170
LOT:4000
QTY:2
JKTYRE trying to break outJKTYRE has taken support at weekly demand zone and now trying to break the trendline to move UP.
Close above 132 would be good to enter (or RSI needs to close above 40) with immediate SL 124
On the above side 140 would act as resistance and close above would take it to 150 and above
Engulfing @ significant ZoneIt seems that 374 level is strong demand zone. Parallel Channel, double bottom, RSI coming out of overbought zone and latest Engulfing bar suggesting a long trade with small stop loss. One can easily expect 2.5 times reward of risk being taken in this trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.