VOLTAS currently trading at 1015 is at both fibonacci support and also previous support zone. Buy 50% of the position at 1015 remaining 50% if dip comes to 1000 , SL is 980 on closing basis.
The idea is for trading in cash segment with defined risk. Qty should be adjusted based on risk specified.
PS: The idea is purely for educational and research purpose, I am...
Nifty is just 50 odd points away from its all-time high and expected to face resistance in the 15440-15600 zone. As it's an uptrend, Buy on dips would be the strategy and we can refer to Fibonacci Channel levels.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Wock Pharma is a global pharmaceutical and biotechnology company with most of it's revenue coming from europe.
With Pharma Industry Booming Wockpharma weekly chart indicate a Classic bullish Cup & Handle Formation.
Supply Zone has been breached with good volume.
600 is in Psychological Resistance Zone.
Targets are marked in the charts as they are important...
if the price approaches the support and breaks out with a low momentum then it can go down by the given price range(appx.)..previous price action is in a range but mostly inclined to downwards and also the price is below 20 50 and 200 EMA . It is a stock for short selling .If u carefully see the price has formed an inverse cup and handle pattern and previous...
ACC CAN BE HOLD ABOVE 1660 LEVEL
IT FORMED AN INSIDE BAR BULLISH CANDLE IN 1W TIME-FRAME, THAT IS BULLISH SIGNAL
IF SUSTAIN ON THAT LEVEL, THEN POSSIBLE TARGETS ARE: 1700 & 1750
NOTE: THIS ANALYSIS TIME FRAME IS 1W,
THAT CAN GIVE RESULT WITHIN 3 TO 6 MONTH.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Graphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment...
All values are for NIFTY AUGUST Future values and NOT Spot.
Current position is SELL sold on 29 JULY 2020 at 11249.38
Action for 4th August 2020: Continue to hold Short and reverse to BUY if NIFTY closes above 10987
Profit as of now 333 points
Will update Trend change...