Refer Chart for details.
PNB- Long. It gave a breakout and has retested it successfully and now the next target is around 38 and then 42. If it clears these two then the next target is 50. PSU Banks index is also looking good.
BULLISH above 32560 for 100,200,500+++ BEARISH below 32450 for 100,200,500+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Long SBIN: A declining trend line is broken by SBIN on the weekly time frame and if you are an aggressive trader, then you can enter here, else wait for weekly closing above 282. Looks like the 3rd wave of Elliot wave pattern.
BUY above 12.30 for 0.25,0.70,1.50+++ SELL below 12.10 for 0.25,0.70,1.50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 150 for 1.5,4,7+++ Sell below 145 for 1.5,4,7+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 1110 for 5,11,20+++ Sell below 1100 for 5,11,20+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 5335 for 15,40,70+++ Sell below 5307 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 1965 for 10,25,50+++ Sell below 1952 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 4890 for 15,40,70+++ Sell below 4835 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
As per extension, next target will be 800+ on monthly timeframe.
With proper money management and risk appetite take a trade. Educational Purposes.
30 Min entry based on breakout Daily Tf for analysis Monthly the structure - BUY
The stock has broken out of its trendline resistance with really good volumes. All levels mentioned on the chart. Happy trading!
Reasons to take up the trade: 1. The stock has been consolidating near a 3 year-long trendline resistance. 2. Long wick on a weekly candle shows strong price support at those levels. 3. Horizontal resistance zone at 124 levels. ( Marked with violet down arrows)
fall expecting upto 70% from it's high
Coal India Ltd has formed Cup and Handle Pattern. The script has strong resistance at 149 and also the script was currently reached the FIB retracement level of 38.2%. The central Govt has awarded the allocation of coal mine for the successful commercial bidders. As per the central Govt, the coal sector has will be biggest contributor for $5min trillion...