NSE:ASTRAL \
This is a positional trade
The stock is daily resistances zone ones it breaks there will a great upside move
The first target is 1980 and final target is 2100
We should accumulated around 1650 .
The company has posted a good quarterly result.
This is for educational purpose
What I see :
I see good trendline supportive
Earning about to come and price has fallen quite a lot about 12% from top
This can be a good risk to reward trade if taken with proper system
Rest is expalined well in the video
Happy trading :)
My fav symmetrical triangle breakout ... upper trendline been tested many times and is clean meaning no gap ups above the line and coming down back into the zone of triangle .... a closing above the line on 15m or u can watch for a good risk at 5 min too depends on your RR ratio and RM system. Take the trade as per
Happy trading :)
Daawat looks promising price strength-wise and earnings wise. i will be looking to initiate a position on corrections of 10/15%
Technical: Daawat has clocked the highest monthly volume since Jan 2018 and it's up 50% in June 2020. Makes the case to look at it for a trade
Fundamental:
This stock shows decent sales and profit growth.
3 years of sales growth -...
ITC in a breakout positon
Earning is on 25th may
1. 7%+ rally before earning season
2. divergence on money flow
3. resistance on 190-193 level (Technical analysis)
4. Resisitance as per option chain data is at 200.
Option chain data
Resistance strike 200 call - 33.5 lakh OI
Support at strike 180 put - 14.8 lakh oI
Bear looks more powerfull here.
Trade plan...
This analysis is only for educational purposes, Invest at your own risk!
A narrowing Uptrend can be seen on BHARTIARTL which closed at 554.10 INR on Friday.
The price has approached close to resistance level and gives a pretty good long opportunity for traders .
The High created on 15th April at 535.30 INR serves as a resistance level for the price .
The...
Cipla in a breakout position, just before its earning day, we are currently trading near support of gap up we had in start of April. If it breaks 564 Cipla can touch 520 on downside or if it stays above 564 tgt 583.
One can trail stop loss using 20 day hull moving avg.
