Indian
Shipping Corporation of India120 being Monthly and also major Fib level Resistance. Make or Break
One must patiently wait for the candle to break and settle beyond 120 lvl with good volume to enter the action.
Earnings are on 27th of May and surprisingly there is a spike in volumes which indicates strong accumulations before earnings.
P.S This Chart is for educational purpose only.
Positional--- ORIENTREF LONG..... All time high volumes in weekly
also increasing in volume with price increment
so for short term buy above weekly high
or
for long term buy at CMP add till 240
Good support near 200-180
if closing below this then we may see more downside
Market Cap--₹ 3,641 Cr.
Stock P/E--49.5
ROCE--29.3 %
ROE--21.7 %
Company is almost debt free.
Good fandamentls
Live Challenging Signal Buy LT @ 1396.20Live Challenging Signal Buy LT @ 1396.20
Signal Specification
Pair: LT
Entry Type: Buy
Entry: 1396.20
Entry2: 1376.45
Tp: 1507.75
Sl: 1316.65
R/R: 2.25
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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best Wishes
Forex Tamil
Indian Oil Break OutIndian Oil has given a breakout (though not very convincing due to lack of a big candle) at the resistance of 94~95 level. The short term target should be 98~100. The midterm target should be 104~105 and a long term target of 115 can be thought of for patient warriors.
However, option chain analysis shows a huge no. of calls (big resistance for this month) at the level of 100 and supports based on PUTs can be identified at 90 and 85 (more PUTs at 85 as compared to 90). Let's see how it unfolds. Disclaimer: I am new to Option Chain Analysis :)
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Disclaimer:- Don't Listen to me, I'm not a financial advisor