IEX has been consolidating since Jun 20 in narrow range and gave breakout 14 Sep 20 and retested its breakout level in previous day session. Formation of a good bullish candle here will make a good buy for swing / Long term. You can see inverted Head and shoulder pattern as well.
Entry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
Let everybody else speculate on the future.. "The future is uncertain and the end is always near..." For us it is alsways full of possibilities.
"This is my trading journal, not a trade recommendation. Will be Posting and updating the ideas regularly in related ideas linked below, as market progresses, only for educational purposes for me and others who want to...
Om Namah Shivay
Brothers, Nifty could be making a leading diagonal. Check the chart.
Little early to confirm the same.
And that will confirm the pattern and target. The target is based on the (2)/B obviously.
The future possible moves are on chart.
This is just education purpose only. There are no trading suggestion from this.
Om Namah Shivay
Look at the charts and make an informed decision.
thank you
happy trading
Beware of risk involved in stock market and this is for educational purpose only.
SUNPHARMA is in rectangle /ranging pattern in 1hr chart, usually after breakout the prior trend will resume.
Minimum target is the height of the pattern.
Breakout direction can be verified by volume
If heavy volume is on the downside, then it will continue the previous trend
If heavy volume on rallies and can be considered a trend reversal.
: Only sharing my...
Bullish Triangle Running – A Classic Scenario for MCX Gold
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Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
LICHSGFIN in Accumulation phase for last 48 Days and shaped up in beautiful bullish Continuation pattern .
Breakout through the major Resistance with huge volume and close above it.
Trend seems to remain bullish.
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not...
#banknifty
Cypher pattern:- Bearish formation seen on #banknifty
Focus on PRZ - Price Reversal Zone (22,650 - 22,750)
Nifty P/E stands at 28.86, bubble expanding, be cautious.
Head & Shoulder formation in progress in a 1-hour chart, any bubble break will happen below 21,000 might see a target of 18,895.
I won't change my view based on dow or vaccine news, I...
Adani Ports fell continuosly for 9 days and stopped at harmonics reversal zone of 311.
Made low of 309.6
The next day it made inverted hammer and today hammer.
View is to long about the high of hammer
Long above 320
SL 310
Target 330,336
Highest OI is at 350 CE and 320 PE.
expecting it to close in between this range
Once in profit of 3-4 rs can sell 335 CE to...
Created double bottom at 17 - 18.50 has strong support. reached 25 level in 1st week June, then after was in consolidation phase for on month been in range 25- 29 range. if sustain in 29 level than we can see break out to 32.80. ( most awaiting price action from this counter).
There are possibilities can reach till 40 levels.
The majority of traders spend most of their time looking for good trades. Once they enter a trade, they lose control and either suffer stress from losses or are jubilant with pleasure. They ride along with these emotions and forget about the essential element of becoming a successful trader – keeping emotions under control. Winning traders know the importance of...
CMP- 42.5
Ascending Triangle formation
Above the resistance of 43.5 can touch 46.5
RSI is favorable at 58
Today it gave a breakout of 43.5 with volume but even if it doesn't close above 43.5 today , it may do so in days to come.
Keep a close watch.
Ticks :
1) Head and shoulders
2) Triple Tops.
One can enter short after the breakout of the neckline.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
