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Double Bottom

Tata Motors - LongTata Motors has been on a bearish run since 2017 correcting from 550 levels, nearly 40%. The stock has taken support on the major trend line which it has been following since 2011. The stock had seen bounce back from the same trend line at 326 levels in April and has seen similar bounce at same levels. One can go long with Target of 342/352/360, Keeping Stop Loss at 325. The stock is also seen forming a double bottom formation which can take the stock to 370 before reversal or break out. Break Out can further take the price around 399/400 levels.
NSE:TMPVLong
by geettanna
3
KAJARIA CERAMICS CHART PATTERN ANALYSISKajaria ceramics has formed two pattern which are very strong and bullish patterns in nature. The only difference is the time-frame It managed to form "Double Bottom" on daily chart(strong buy) It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call) I am happy to see that the price has broken out of both these patterns in the same week Plus momentum indicators such as "RSI" and "MACD" have given confirmation and have gained strenth Stock is now bouncing constantly from its moving average We saw price break above 740 for the first time(on closing basis) since 14 month(0ct-16) on weekly chart WHAT DOES THIS INFORMATION TELLS US? "It tells us that the price is about to enter in a new uptrend because previously at these level "DEMAND WAS MET BY SUPPLY"(bears were in command from 744 levels) and now "(GREATER)DEMAND>SUPPLY" so we have eventually seen the stock breakout from 740(bulls are fighting hard) Now at this level bears will still fight and will try to set a trap but since the level is broken we will see short covering in the market which will pump up the market. TRADE VIEW SHORT TERM TRADERS.... BUY @750 STOP @735 TARGET @770-790(WILL TAKE TIME) LONG-TERM TRADERS BUY @750 STOP @700 TARGET @790-815-835(NEXT TWO TO THREE MONTHS) !!HAPPY TRADING!! !!PLEASE LEAVE A LIKE COMMENT BELOW!! !!WATCH OUT FOR BTST/STBT IDEAS @ 3:15!! !!EVERYDAY!! !!SOON GOING TO START 9:20 CALLS IN THE MORNING!! !!EDUCATIONAL IDEAS ONLY ON SAT/SUN!! FOR BUSINESS PURPOSE CONTACT MANAV KHANDELWAL bfm,CMT.level-2,Cfa level-1(candidate) TECHNICAL ANALYST FULL TIME TRADER manavtechresereach@gmail.com FOR PREMIUM CALLS For tech queries please mail me and questions will be answered by weekends....
NSE:KAJARIACER
by manavtechresearch
Learning/Trade Action Reaction Set as taught by Dr AndrewsAlthough the Action/Reaction method as taught by Andrews is a very good trading setup but is less known by Indian traders so am explaining it step by step. First we draw a Multi Pivot Line : A line drawn across 3 or more pivots without touching prices in between. The next step is to locate a previous low or high pivot point to use for drawing an action line. Next, a parallel line was drawn to the right of the C/L, Notice that it is the same distance from the C/L as the corresponding Action line. The Law of Physics stated by Newton that Action and Reaction are equal and opposite is applied and it works wonderfully. One can train his eyes by drawing such set and in case of doubts/questions just ask I would try to reply. Happy learning and wishing all mates a profitable Prosperous NEW YEAR 2018 .
NSE:SUZLONLong
by praveen.bhatiya
11