For long traders it is advisable that maintain stop-loss 311 nearby and trade. The stock is showing that it will move in a up direction.
----30 min chart----
For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for...
TCS Formed pitchforks chart pattern on 1 Hr chart
Trade: When the trend is intact, prices gravitate towards the median line. Hence, when prices reach the top trend line, take profits or short the market. Also, when prices reach
the bottom trend line, enter a long position, or close a short position.
The price above 2683 is bullish.
Expected a small move to downwards and then move towards up-direction.
The price will consolidate within channel
Bullish can mean different things especially for short-term and long-term traders.
CESC 30 min chart Head and Shoulders
Head heigh approx 86 point
The potential down target at 500
For short traders, it is advisable that maintain stop-loss 600 nearby and trade. The stock is showing that it will move in the down direction.
Seek first to understand what is going on BankNifty, to be ready put order.
The price is trading value low which is always good for a long entry.
If there is neither any news nor wrong, the control price will attract the value towards it
At the excess, traders can take a long position with stop loss as a comfortable risk for the target at 30800 above.
Jindal Steel Looks very strong on the weekly chart.
Consolidating at the moment and also near bottom area of consolidation.
If there is a bullish breakout then it will complete the handle of Cup & Handle Formation at 294.
And above 294 the momentum of Cup & Handle breakout will push its price to 350-380 region.
DISCLAIMER: I AM NOT SEBI REGISTERED. CHART...