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@1948 STOP@1930 TARGET@1970 LOT:500 QTY:2
INTRA-DAY TRADE IN SBI HOURLY CHART CHANNEL SEPTEMBER FUTURES BUY@311 STOP@307.75 TARGET@314 LOT:3000 QTY:1
SWING TRADE IN APOLLO TYRES SEPTEMBER FUTURES WE ARE PLANNING TO GO SHORT ON CRUDEOIL SINCE WHEN IT CROSSED $76.8 PER BBL ON BRENTCRUDE 240-48 WAS A BOTTOM WHEN WE CAME $80 PER BBL LETS TRY THIS TRADE OUT BUY@255 STOP@247 TARGET@272-278-285 LOT:3000 QTY:1
SWING TRADE IN EQUITAS SEPTEMBER FUTURES BUY@158.5 STOP@154 TARGET@170 LOT:4000 QTY:2
BTST IN TVS MOTORS SECOND TRADE IN 2 DAYS AUGUST FUTURES BUY@542 STOP@534.5 TARGET@550 LOT:1000 QTY:1
BTST IN APOLLO TYRES AUGUST FUTURES BUY@267 STOP@264 TARGET@272 LOT:3000 QTY:1
Short Term Buy: 850 CBSL: 825 Target: 900 Mid Term Buy: 850 CBSL: 790 Target: 985
JKTYRE 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
Southbank is resting on the support zone from where it has been picked to form higher highs in the recent past. Keep under observation or invest for long term perspective. The same levels have earlier acted as resistance and have now transformed into support.
Demand Zone Bullish Harmonic Oversold RSI
It 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...
Bullish cypher will form at 60 $ if price will be reach in next week strong buy second indication as the past one bullish strong engulfing s 50% support is there at this level as the demand zone near 60$ if price come MCX crude 3950-70 k then strong buy recommended
Marksans Pharma Ltd Seems to be in a demand zone on a weekly chart.
usdjpy potential demand zones! Its coming more than soon folks.....
Lupin has been making Up trend on Daily Time Frame. The marked zone forms like Rounding Bottom Formation, with a classic Demand Zone Formation. There is no Supply Zone on Daily Time Frame till ₹ 1020, opening up R:R for the long trade. Both 10, 20 EMAs coincide with the zone. If they still remain coincident with both the zone and latest trading price at the time...
The stock has made a bullish engulfing at significant demand zone which is exactly at 61.8 fib level of the last move. It looks like Buyers are entering at this level so one can buy the stock at this level.