NSE:SASKEN Sasken is at the channel low, it may take support and move up...
Check your RR and take a trade accordingly.. SL for now would be swing low and we trail as we move forward..
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Note: This is my personal view so take trade after your own analysis. Thanks.
BPCL is again a positional trade. It needs some confirmations, waiting for it to see rejections at its support bed of 313-330.
Upon confirmations we can enter the trade as follows:
Target: 375 (60%), - 380 (10%), - 415 (15%), - 452 (5%)
Keep following for confirmation.
Glenmark has recently came into news because of the medicine it has started to produce for COVID-19. After the correction, its again at a point where buying more stocks is a great choice.
Please do your own research before making any decisions.
This analysis is only for educational purposes, Invest at your own risk!
The New 52 week high created by DRREDDY at the price 4,132.20 INR will serve as the resistance.
A Doji candle was seen on the 19th of May(yesterday) which on the next day (20th May)rose the price with an abnormal Volume.
The Market closed with a big green candle for DRREDDY, This...
The Stock has formed big W pattern which is the opposite of big M posted today. We can observe that RSI is showing Divergence One can trade the stock in the following manner :-
Entry current Price 214
SL 207 or below of 204 (Closing) depending upon the risk you want take in this trade
Risk/Reward Ratio 3.5
Disclaimer : All ideas are my personnel...
It seems that buyers are emerging at current level as Engulfing made on 22.05 is providing a good support. So one can buy the stock at current level or on slight dip tomorrow for a target of 2100 - 2140 by providing SL of 1935 on closing basis. It would offer a good RR ratio of 3.
Disclaimer : All ideas and comments are my personnel view. Please take financial...