Lets wait for a breif movement for breakout on upside or on down side based on the levels ,and we can see all the inside candles in the big red bar which is a harami and guys this a 1hr time frame so patience is the key and mostly avoid to take trade in first 1hr candle of market opening .
disclaimer- this is not any investment call or idea , this...
Infosys is making a series of lower highs and lower lows for the past 70 days, whereas the RSI is continuously making higher highs and lower lows.
This divergence can be spotted easily on the Daily Timeframe.
Also, we can see a bullish closing on weekly basis.
We can see an upside momentum in this stock soon.
1420 level can be taken as a stop loss
Bullish Harami Candle pattern found after a long down trend.
Yesterday stock took support at 100 day EMA at 140 level
Buy above- 145
Target- 155, 164
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
Stock after the retracement can bounce back from this support area. Buy around 515-520 With SL Below 513 on a closing basis.
Targets will be 540 and 555 Great Risk to reward ratio for this trade and the FMCG sector can perform from here after a bit of retracement. Breakout from this level is needed RSI-based strategy.
Candle confirmation today buy if closes in...
Nifty View: A flat unit point's negative close for the benchmark Nifty index in today’s session to end the week. On a week-on-week basis, it was however a better performance as the index gained over 1.35% or 213 points and post a new life high. The index is essentially consolidating this recent rally with today’s flat close which has taken the shape of a “Bearish...
BUY 103 TO 97
Reason For Buying This Script :
It is broken trend line in upper side in weekly candle . Wait for retracement up to 97.
Above given levels are based on weekly time frame it will take some days to achieve the target , So be patience.
ALL THE BEST....
BUY 606 TO 576
Reason for buying this stock:
In this stock this has braked the trend line in upper side it show in positive,
it may take some retest moment up to 576 or it wont take.
Target Levels are based on weekly time frame, so it may some days to achieve the target, Be patience.
It's at trendline support making an inside bar after it got beaten down due to bad numbers.
Risk reward is favourable for bullish view. Let's what price action brings for this one
Buy above 48.6 with SL at 46.8 for 52-54
Sell below 46.8 with SL at 48.6 for 42