A company with strong fundamentals and good profit growth showing heavy buy pressure at its resistance, will likely break resistance at this level and grow. If it breaks resistance then the next resistance will be at the Rs. 750. (This is just my interpretation, pls evaluate at your own risk)
The stock gave a huge rally since 24th feb and now started to retrace near 1700 levels, if it sustains 1750-1770 on hourly basis go for long!
BANKNIFTY Resistance: 33095 - 33367 - 33561 - 33808 Support: 32927 - 32655 - 32461 - 32214
NIFTY Resistance: 14908 - 14976 - 15062 Support: 14812 - 14753 - 14657 - 14589 - 14502
Falling wedge formation. Standing at 0.5 Might fall back to 0.618 to fuel up completely for the breakout!
Very good Support tested today. Possible cup & Handle Pattern. Can go bullish upto given levels in coming trading sessions.
Q4 Net Profit at ₹414 cr. jumps 52.76% year-on-year. Inverted Head & Shoulder pattern - a bullish pattern. We can see uptrend reversal after confirmation to given levels.
It’s a positional call, stock has retraced more than 38% since last year fall. This price level holds important support level of historical prices, volume and retracement ratio. Buy 30% between 1290 to 1320 then if prices does not hold wait for 1200-1150 it’s a ultimate support add 30 % more on pull back and when prices will go above 1400 add remaining quantities....
GLENMARK intraday strategy for 15th may 2021
Rising Volume + Rising RSI + Price Taking Support at 200 SMA Next Targets : 84 - 92 - 114 - 123 Stop Loss : 60 Head & Shoulder Breakout above 40.5 in Nov'20 Neckline Resistance very beautifully at Fibonacci levels For Left Shoulder : 78.6% - Rs51.5/- For Head : 61.8% - Rs45/- For Right Shoulder: 50% - Rs40.5/- (Breakout Level) Chart Only for...
CURRENT STRUCTURE:ABC ZIGZAG OR NEW IMPULSE CURRENT LEG:WAVE 3 OR WAVE C ACTION:GET LONG @ CMP 790,SL:770,TGT:875-898. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an...
Good retracement from 382 fibo Level and price can show good bullish momentum!! go with the Trend and make good money 💰💸