TITANTitan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Higherlows
Long Bajaj Auto Buy Cmp 3037
SL 2976
Target 3329
RR 1:4
Reason for choosing the stop loss is that from march lows the start of the trend line its making only higher lows. So can go long when it comes close to trend line with a stop loss of previous low.
As expected,The beginning of uptrend is started in Bajaj FinanceNSE:BAJFINANCE
Hi Traders,
As expected in previous idea ( "Bajaj Finance Long" ), Stock has broken resistance line and start moving in upward direction.
There is a possibility of temporary retracement to suggested resistance line (3523). If so, you can open new orders based on price action.
Stock Analysis
* Stock was in a range and developing higher high and lower low pattern between this range with support of trend line.
* It could not give closing above 3523. Today it has broken resistance line (3523).
* The beginning of uptrend is started.
Buy Level
3330 (Given in previous idea)
Target Level
TP1= 3821
TP2= 3983
TP3= 4244
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LONG if breakoutSeries of higher lows.
Accumulated & breakout previous resistance.
Seems to be accumulating again!! If breaks, might give a move!!
MARUTI - POSITIONAL - SHORTNSE:MARUTI
(FOR LEARNING PURPOSE ONLY)
While the price is clearly forming Higher Low's,struggling to form higher high's
Price still between fib 50% & 61.8%
Price will fall once it breaks the rising support line or previous higher low
!!NIFTY BOUNCING FROM THE TRENDLINE!!ACCORDING TO ME TRENDLINE IS VALID
WITH THREE TOUCHES IT CONFIRMS THE SUPPORT
ABOVE THAT WATCH THAT:
THERE IS A HIGHER HIGH AND HIGHER LOW FORMATION GOING
ON THE INDEX A DIP BEFORE BIG EVENTS ARE GIVING US AN
INDICATION WHERE THE MARKETS ARE MOVING
I DONT WANT TO SPECULATE
ONE CAN GO INTO THE EVENT BY CREATING
A VOLATILE OPTION STRATEGY
BUYING A STRANGLE IN OPTION INDEX
SAME OPTION AVAILABLE ON THE BANKNIFTY
JAYSREETEA - HIGHER TOP HIGHER BOTTOM PATTERNTECHNICAL -It is been observed on the WEAKLY chart that the stock is forming continuous higher top higher bottom and with a uptrend line and a triangular pattern which can breakout soon, but a MULTI YEAR resistance @120.
FUNDAMENTALS -Rise in tea prices will led to higher margins and profits, with passing of GST TEA & coffee sector is going to get a huge benefits can also led to rerating further in the stock.
BUT IT WILL TAKE SOME TIME .
Target:118( Short term)
Stoploss: 97 (Closing Basis)
Target:180 (Medium term)
Stoploss : 97(weakly closing)
