Hello guys, the next stock I am watching for upmove is TATATSTEEL.
Following a channel pattern, now has touched the lower channel line acting as support, is also on daily and weekly support.
RSI is bullish
MACD about to turn green.
Buy above - 1125
15% upside possible.
Targets mentioned in the chart above.
Hello traders another chart that caught my eyes was Mothersumi, I have analysed and traded it in the past.
Mothersumi is taking support from it's long-term trendline and also from the existing channel pattern it is trading in.
RSI have room for bulls.
MACD looks good.
Buy near - 210-215
Targets mentioned in the chart above
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There are many ways that one can trade in markets and make money but the best way one can make money from trading stocks is positional trading where one catches big moves with fewer efforts and time and it's not stressful as compared to intraday and swing trading.
So here I am sharing a Trade analysis of BASF INDIA which explains How you can combine price...
Crypto is the most thrilling thing that one can trade as the price moments are very volatile like supercars speed on the highway. Due to these volatile price moments and the fact that the market remains open 24 x 7. It gives big returns within less period of time and also when it falls it falls badly. So trading it one can make a fortune out of it and also one can...
Breakouts are the high probability and low risk setup. These Setup occur mostly when the stock is in a consolidation state forming either but not limited to the below mentioned patterns:
1. Ascending, Descending and Symmetrical triangle
2. Channel Consolidation Pattern
3. Rising Wedge
4. Falling Wedge
5. Support (Demand) and Resistance (Supply) Breakout
1) Some useful knowledge :
Triangles can be best described as horizontal trading patterns. At the start of its formation, the triangle is at its widest point. As the market continues to trade in a sideways pattern, the range of trading narrows, and the point of the triangle is formed. In its simplest form, the triangle shows losing interest in an issue, both...
Last week market was overall bullish and sellers had a full control over market. It is still seeming weak and will be in same condition in upcoming weak as per my analysis but as we know that market can change its direction any-time so we can not relay only on analysis.
So in ITC chances are too high that market will open in downward side but there is a also...