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EMAS

1D DELTACORP (DELTA CORP LTD) - Short Position1. Bearish Engulfing Candles formed at Support and Resistance Zone. 2. 61.8% Fibonacci Retracement is another confirmation on that S/R level. 3. EMA 365 is off on the Bearish Engulfing Pattern. 4. Entry should be carefully placed at mentioned area because strong S/R level is there but it will definitely break those level and reached it to another S/R zone. 5. Take Profit and Stop Loss level which is clearly mentioned in the chart window. Check that there. Thanks by Pupathi Sadagopan
NSE:DELTACORPShort
by Pupathi
LTI long opportunityNSE:LTI Stock -> LTI TimeFrame -> Weekly Hello all! LTI has been moving in a pole and flag pattern. It fell to its support in May 2022 and showed a strong bounceback in July 2022, thus also breaking the flag. This I believe presents a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long: -The bounceback came off of the golden Fibonacci zone. -The stock took support from its 200-week EMA. -The golden zone coincides with the support zone. Risk-averse traders should wait for a strong closing above the blue line as the stock will start trading above the nearest swing high and also the 50-week EMA. *NOT A CALL* #LTI #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing #ema
LLong
by Traders_Town
Granules long opportunityNSE:GRANULES Stock -> Granules TimeFrame -> Weekly Hello all! Granules has been forming a flag and pole pattern. It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long -The stock is taking support from its 50-week EMA -Stock has support from both 50 and 200-day EMA -Flag breakout occurred after a strong bounceback from the Fibonacci golden zone. The Risk to Reward ratio is also decent. *NOT A CALL* Disclaimer: Markets have been behaving a bit jittery. Hence it's advisable to trade with a smaller quantity than usual and maintain a strict stop loss. #granules #nifty #technicalanalysis #swingtrading #ema #fibonacci #poleandflag #markets #trading #investing
NSE:GRANULESLong
by Traders_Town