Eicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA.
According to option chain data, 3100 is a strong support.
According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal.
Targets of T1 and T2 with...
It has formed a text book double bottom pattern with good momentum and volumes. IT sector is looking bullish in coming months. However it will be weak below 3750. Disclaimer: Educational post and not a buy/sell recommendation. Please do your own studies.
Havells has formed a nice double bottom.Today it has come out of Double bottom pattern also it has broken the resistance zone- so higher levels are expected going forward.
The length of bottom is quite high - and it exceeds the ATH of HAVELLS if projected upwards - so our R:R will be low in this case.
Entry - 1348-1350
Target - 1486
SL - 1200
Though R:R is...
buy at 130
trg 5% , 10 % , 15%
sl in paid
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Double bottom or W pattern has formed .These both are reversal patterns so nifty is expected to move up from here. We can wait for little retracement then buy.
Disc:Only for educational purposes
NSE:ESTER
10 Month Long Consolidation in range of 125-150 since April 2021.
Double Bottom (Bullish Pattern) at 50% Fibonacci Retracement of previous swing high.
Taking Support on 50Week SMA & Bouncing Back. Long Wicks Formation means Sellers unable to bring the stock down.
Accumulate b/w 136 - 120 as Stock will gain more strength above 140
Targets : 162 - 180...
NSE:CENTURYTEX has broken out range with good volume and has now retested the breakout level. The downside candles are narrow with less volumes indicating that bears are weak and bulls will take over. The Risk Reward is excellent at CMP.
DISCLAIMER : This is not a call. The analysis shared is just for educational purpose. Please do your own analysis with proper...
CMP- 2828
SL-2700 - 2730 (on closing basis)
Target - 3200, 3500
30/7/21
- Market structure negative making LH - LL
- Key level of support around 2700-2800
-Trading below all EMA's
- Fib retracement 0.38 zone
- Can se potential W pattern if price holds 2700 levels
- Price is near area of value
- Making a double bottom like pattern in the week
Keep strict SL to...
Maruti looking good on charts breaked out of falling wedge by making a good price action currently in a range
Breaking & sustaining above this range , Could take stock further upside
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
- Fundamentally strong company
- Breakout from a consolidated range showing a double bottom pattern
- Buying pressure indicated by the long lower wicks
- Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve
- Don't chase the stock as it might correct a bit and a good entry can...
![HAVELLS: [Positional] HAVELLS Double Bottom Breakout](https://s3.tradingview.com/k/KxMWRiXQ_mid.png "[Positional] HAVELLS Double Bottom Breakout")
