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Triangle Breakout In BrigadeLooking at the daily timeframe for Brigade Enterprises, we can clearly see a triangle breakout after 4 months of consolidation. Currently it has broken the upper trend line of the triangle. If we see, the breakout candle was a bearish doji candle but the next 2 candles have confirmed the breakout. The current closing is at Rs 517 which can be considered for buying. It is also near it's all time high. We might be seeing a price discovery from the next few candles. A very high probability of 5% to 10% push in price is possible. Do like it :) It will motivate me to write more
NSE:BRIGADELong
by StocksGyan
A must buy opportunity in BHELLooking at the 4 hour time frame, the stock is making a beautiful triangle pattern inside of a channel. It has broken the trendline resistance of Rs 61 and has moved upwards. After almost 3 months of moving inside the candle, it has finally given a breakout. It also broke the trendline with good volumes which is another positive sign. Around 8% returns can be expected from the current levels in the short time frame. When we look at the 1 week timeframe, it is clear that BHEL has given a breakout after crossing Rs 61. More than 20% returns can be expected in long term from BHEL. It can be bought now with a very small stoploss and the target being at the upper trendline of the channel pattern. NSE:BHEL
NSE:BHELLong
by StocksGyan
Quality Strategy for BAJAJ FINSERV LTDWHAT TO WATCH OUT FOR Technical Overview Recently it made Head & Shoulder Pattern during mid Sep to Nov end, during which it touched a high of ₹ 19325 and made a neckline of ₹ 17050. It confirm the downside breakout on 23 Nov 2021 and confirms the start of downfall of stock. Trendline merging its top with shoulder has not yet been broken. Quality Strategy for BAJAJ FINSERV LTD TODAY, it made clear bearing engulging candle which confirm down trend further. Sell December future near 16000 TGT 15600-15500 Major Support @ 15400 ======= We are still trading in the range between 15600 and 16400. Any lower or upper breakdown will decide its direction again. ======= Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis. Follow the rules, be patient and stock market will definitely reward you... ======= Take care, trade safe !!! Regards Team Moneymarine
NSE:BAJAJFINSVShort
by moneymarine
Inflation, Omicron concerns pull down Indian Indices! What Next?Nifty has reset in its falling mode,currently it is in down trend. QUALITY STRATEGY FOR TRADERS Technical Overview Nifty is creating bearish engulfing candle Short nifty at CMP 17050 TGT 16800-16650-16400 Stop Loss 17300 SHOULD YOU INVEST? Enter gradually near 16500, raise exposure once it crosses resistance of 17700. Nifty may give some immidiate correction but during Jan end Budget rally is expected. Fundamental Overview Rising Inflation Rupee Depriciation Omicron concerns ======= We are still trading in the range between 17300 and 16400. Any lower or upper breakdown will decide its direction again. ======= Trading is not about trying to capture every move. Look at the charts carefully and trade only if you are sure about your analysis. Follow the rules, be patient and stock market will definitely reward you... ======= Take care, trade safe !!! Regards Team Moneymarine
NSE:NIFTYShort
by moneymarine