This is a 45 minute chart of UBL. Stocks formed a bearish Head and Shoulder pattern at higher levels and broke down. Now its retesting the neckline at 1364 levels which may be a good selling opportunity. Sell UBL at around 1360 with a closing stoploss above 1375 targets can be 1284 and 1256.
a strong upmove on the way looking at the stucture of the chart!
keep trailing your sl , as it goes up!
stock looks good for short term ... not recommendation ..but expressed wat i feel the stock may go!!!!.. consult ur financial advicer before any decision
posting it because someone asked me to do so on twitter!!!! let it come to the levels where it would be a favOur able risk reward as it is always better to not to take a trade then to take a wrong trade ... i can be wrong!
Dabur has formed a rounding bottom pattern on daily and weekly charts. Buy above: 317 Target1: 350 Target2: 375 SL: 296 PS: There are different school of thoughts on trading a rounding bottom pattern, i.e entry, target, SL. Please use the entry, target and SL as per your analysis.
Short GODREJCP below 940 Target:875 SL: 975
Sometimes I get queries as Why not exact stops or target ? It will be more helpful for Us. Guys, i) I don't know your capital ii) I don't know risk ability you can afford iii) I don't even know which trade setup or strategy you use to enter the trade on what timeframe iv) I don't know how long you can hold the trade ( Intra or swing ) v) I don't know you are...
based on the break out expecting a small up move
Outlook : After posting a 52-week high of 1049, on 04th May 2017, stock witnessed profit booking in the last trading session, resulting into a “Bearish Engulfing” candlestick pattern, erasing all previous day’s gains. This pattern is formed generally at the end of an uptrend, or near a potential resistance and is a reliable reversal pattern Moreover, we also...