MCX Swing trade with a lot of confluences.As you can see in the chart - stock has given a breakout with increased volumes.
23.6% fib level from the previous swing is also near the retest level.
At the retest look for massive rejections of lower levels or double bottoms or inverse head and shoulders.
NSE:MCX
Indianstockmarket
Reliance stock must obey what i say i know that you are in a doubted state bro remember I learned forex and masterd it and stock is very very very easy comparing to forex its 1000% easier to control lets see
if my stop hit for buy 126 points remember I know If my stop hitted 126 then my massive big quantity sell stop order will be placed (I am like Harshad metha, but instead I am using my own money
BEML: BULL TREND ANALYSIS.NSE:BEML
BEML is in the bull trend, taking support at the major trendline, with the confluence of moving average ( acting as support along with the major trendline).
Forming a small triangle inside a major triangle.
ENTRY & REWARD: A Breakout from the triangle trading range is the entry point and we can aim for a reward of a measured move of 16% which is a sharp up move that occurred prior to the trading range.
RISK: Is 4% from entry price, below trading range.
BEML is one of the crazy stocks it can reach our target price in INTRADAY if move with such momentum.
Not a trade recommendation.
Do your own analysis.
Radico Khaitan - Set to create new All-Time HighsInverted Head & Shoulders = Bullish Reversal. Successful re-test of neckline.
No immediate resistance. Increase in Volumes.
Venturing into All-Time High Territory, also known as "Price Discovery Zone" wherein fundamentals will drive how far the push will go.
On the fundamental side, positive developments include:
1) Gradual re-opening of lockdowns and recent news regarding Delhi permitting home delivery of liquor.
2) Company's plans to tap further into premium and luxury liquor brands.
3) Company's backward integration to protect against raw material inflation.
#NFA #DYOR.
Live Challenging Stock Market Analysis Buy GRSE @ 178.50
Target @ 236.70
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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.
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Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
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Tradingwithtamil
Nifty Weekly BreakoutIn continuation of my previous post, Nifty has given a breakout of the falling wedge pattern. Nifty should now give us a clear trend and move up in the coming weeks. A retest of the 14400 levels remains open but that would be a good opportunity to add to the longs. View - Buy every dip for ATH and beyond.