Buying Opportunity in BNF BNF just took support from PDH.
With a SL of Just 60 points we can go long at cmp 46733
SL levels:40670
If we buy ATM option approximately 15 rs SL i.e, 375 rs per lot.
Target will be in execution.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
IDEA
IDEA BREAKOUTIdea looks good by breaking falling trendline resistance with good margins and succeed to close above that, giving bullish divergence breakout on RSI indictor too by breaking pervious resistance on that so we can see a nice up move in this stock from here.
Cause of long-:
1- Falling trendline breakout.
2- Rsi indictor breakout.
NOTE-: THIS IS ONLY FOR EDUCATIONAL PURPOSE
ABCAPITAL : Increasing momentumBased on the chart pattern and last couple of movements - we should be able to see 124 will be the next immediate target - if sustains current levels.
Few points :
2022-07-18: Crossing 4 week High, Crossing Weekly, and Monthly Pivots Upside. Close is above D-20 SMA but below WK/Month 20SMA. Close crossed D SMA-13 Upside. Normal NR7 - Breakout
2022-07-22: Volume is Monthly HIgh, Trend Changed +ve 2 days Back. Close is above Weekly 20-SMA. The monthly trend is -ve, and the Weekly trend changed to +ve today. Price Crossed Upside Monthly 50-SMA. Also Close crossed Weekly SMA-13 Upside
2022-07-26: ADX is >25 and DI+ is > 33
2022-08-01: ADX is >31 and DI+ is > 37 Close is above 20 SMA on Daily/Weekly time frames.
Please add to watchlist.
ENGINEERS INDIA - 61 - LONG TERMEngineers India Limited is an Indian government owned engineering consultancy service provider. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was set up in 1965 with the mandate of providing indigenous technology solutions across the hydrocarbon projects.
Vodafone - Idea If it had to bounce this was the perfect level 08.00Rs as per fib golden level 0.618, also it had taken support on same level 3 times , if it breaks this level it will be weak enough to touch approx. 6.00 rs level which is also a bottom of highlighted channel in light yellow, however it is a good sign to bounce from the same level where it took support 3 times, now upside i see a target of 22-25 rs in 6 mnth - 1yr may be as per previous data analysis , where it meets the bigger channel drew in light green, 16- 17 rs would be its 1st hurdle or can say point of profit booking as per previous channel high where it would also face resistance from Ema 200, which it has not broken since 2012. If we check RSI formation it broke its descending trendline and retested the same and now is upwards. all signs and analysis shows bullishness for coming few months.
Vodafone idea long term analysis Recently monthly chart of Vodafone idea breaks the Trend line. We can see sharp fall in monthly chart. If Vi does not sustain this level the next support will be 5.2 and 4.55. As per current price action looks like Vi can get up to 1.5 Rs or may be less than that.
Desclaimer : This is my view as per current price action. If price pattern changes also change my view. This is not any buy or sell recommendation.
OIL - Ichimoku Bullish Breakout Stock Name - Oil India Limited. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
is super bullish and chikou span is slanting upwards. All these parameters are showing bullishness at CMP.
And More strenght will be visible above 300. Worth to keep in watch list for coming days.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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