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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
BECTORFOOD (NO INDICATORS - ONLY PRICE ACTION)1 - There is a hidden channel pattern in descending traingle where stock has been taking the support on trendline 2 - Right after fall , gapped up and made reversal (inverted hammer ) . today closed in green which is reversal confirmation(bulls are In control) 3 - Main thing is here to consider that reversal happened at area of interest (demand zone) 4 - one can enter by keeping stoploss at 370 levels . 5 -And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction) 6- still if you want to set a target then go with 1:2 or 1:3 risk reward 7- Trade cautiously according to market condition (position sizing and risk management are the key things in the stock market) NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good. IF U LIKE MY ANALYSIS GIVE IT A LIKE AND COMMENT IF U HAVE ANY DOUBTS .......
NSE:BECTORFOODLong
by ONLY_PRICE_ACTION
Dec21-W4: Downtrend to trend? (Dec 20 to Dec 24)What I said last week was ‘I usually use this combination to say that Nifty’s mean reversion is done and the previous trend shall resume now.’ I was right but I did not expect to be so right so fast. I was actually expecting Nifty to rise up a bit more before falling down. Since Nifty did not waste much time in resuming its downtrend, I don’t see why the downtrend should even pause. The momentum should only increase and eventually we may see Nifty around 16000 level but perhaps not this week. Scenarios for the week ahead (highlighted as yellow box with red and green lines dissecting scenarios)… Consolidation Between 17300 and 16650 Downtrend If breach below 16650; to drop somewhere till 16150 Uptrend If breach above 17300; to rise somewhere till 17800 UK and US citizens are struggling with Omicron while their economies are struggling with inflation. What a struggle. No wonder, Nifty too is struggling. DISCLAIMER: I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
NSE:NIFTY
by wwannabebull
IFGL EXPORTS LTD (NO INDICATORS-ONLY PRICE ACTION) 1- Stock has been forming channel pattern and broken with good candle. 2- Almost seven touches at the top and three touches at bottom 3 - successfully retested with respect to my trendline 4- one can enter with stop loss of broken candle low 5- And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction) 6- still if you want to set a target then go with 1:2 or 1:3 risk reward 7- trade cautiously according to market condition (position sizing and risk management are the key thing in present market condition) NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
NSE:IFGLEXPORLong
by ONLY_PRICE_ACTION
4
Are these red candles a trap in Crude Oil?We are bullish on crude oil for short term (one can say till expiry 17 dec) Risky traders can take long position in trade with a strict stop loss of 4620 for a target of 5450. ======= We are still trading in the range between 4600 and 5500. 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... ======= Follow to get regular updates Take care & safe trading...!!! Regards =======
MCX:CRUDEOIL1!Long
by moneymarine