Ajmera reality to take a long entry between 345-349 for the target price between 390-400 with SL 320. Good risk to reward trade. The logic behind trade..
1) 200 EMA Support level from the entry level.
2) Bullish candle at the support level.
3) volume build-up
4) V shape recovery in RSI
This is for your educational purpose only.
Aarti industries is at 200 EMA on weekly timeframe.
And upon observing RSI, a clear Positive divergence can be spotted.
This is a good positional trading opportunity.
Do your own analysis before taking any position.
Torrent pherma has recently broken its long time resistance zone.
And right now it is retesting that, which might work as support this time, also it just touched at 20 EMA, which will give it a boost.
good upside potential of 2.5:1 risk reward trade.
After the breakout from a resistance of 170 zone, M&M FIn has entered to a new bullish territory, and is testing its previous resistance. Good signs are that a bullish engulfing candle has formed taking support of 20 EMA and RSI is also in bullish zone. Entry can be done from current levels till 173 with a SL of low of the breakout candle i.e. 171, hoping for an...
Union Bank is listed as Public Sector Bank & having Market Cap of Rs. 24000 Cr. Union Bank is also engaged in Mutual Fund & Wealth Management business.
When you are having 3 reason to Buy a stock what you will do? Obviously you will Buy....We are having 3 reasons for Union bank:
1. Head & Shoulder Pattern: It is making a head & shoulder pattern & now taking...
Formed a triangle + Nearby Fibo level + Also got supported by EMAs
The Indicator Used:
1) TE-REKAB - Proprietary Indicator
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV, hope you got bucks in your pocket to...