POWER OF MAJOR + HORIZONTAL SUPPORT !IGL is near its very important major support trend line. Also it is on its horizontal support line. The combination of these two supports can acts as very crucial support.
Enter on break of minor trend line that is drawn. This is very goog R:R trade.
This analysis was done by me only for understanding work of trend line. Use this only for education.
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Horizontalsupoort
Bottom fishing in UJJIVAN?!UJJIVAN has touched its Mar'20 Covid low of 125 and has bounced off the 125 support with heavy volume. We also see bullish divergence in RSI. An ideal candidate for bottom fishing! Buy here for maximum profit potential.
Less risky players can wait for higher low on the Daily chart before initiating long trades.
MANAPPURAM FINANCE (1D)MANAPPURAM FINANCE (1D) Candle
Created three horizontal line where it takes support & resistance.
Top Horizontal resistance line(Green) price - 169.80
Middle Horizontal support line(Light brown) price -153.50
Bottom Horizontal support line(Red) price -139.60
Trade according to the Horizontal lines.
jindal steel looks bullish in short to medium termIn daily, price bounced from horizontal support and flat lower BB, also hidden bullish divergence formed here,
in weekly, BB is trending up and candles are sustaining above 20 ma,
in longer time frame, round bottom forming here
with sl - 150, 1st tgt - 177 2nd tgt - 208, long term tgt - 343
axiscades looks bullish in medium termIn monthly, price took support at long term support , also trend line resistance broken here
in weekly, regular bullish divergence formed here. also price started pushing upper BB upwards with high volume
with a sl - 133, 1st tgt - 193, 2nd tgt - 240 3rd tgt - 300