RELIANCE had been tricking our red zone from last month (Check related Idea's), Now its forming bearish flag right abv said zone , keep watch!
if you have any queries regarding above idea or any other stock feel free to D'M
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Just see the chart on weekly time frame.
if nothing negative come from market then it has potential to go for 34 Rs target. Short term target 1 is 16 rs . target 2 is 20 rs. Target 3 is 27 and then 30 and then 34
TVS motor has presented us a very juicy shorting opportunity. On weekly, it has broken a wedge formation. On daily a flag formation has been broken. SO pressure is on the downside. As the broader market is also plummeting, there is a high probability of TVS motors to reach its target and beyond.
NSE:NIFTY Nifty ha given flag breakout on hourly chart its an continuation pattern so its a buy with sl of 10760 and targets of 10940-11050-11160 , cmp 10850. Note:These are sopt rates.
I've observed a good Flag pattern trade, which could reward well in short term. One can buy the stock with the following details
Entry 49.50
SL 46
Target 59.80
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
The Chart has nicely formed FLAG pole between 25.10.18 to 02.11.18 and gave the breakout with good volume after small consolidation. It offers a good long trade at current level as the detail given below
Entry 2051
SL 1995
Target 2172
Risk/Reward Ratio 2.16
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
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