Inside Bar
BUY ALEMBIC PHARMA ABOVE 1085IT MAY FACE 1070 LEVEL AS RESISTANCE RESPECTIVELY.
(THAT IS 78.6 FIBO LEVEL)
POSSIBLE TARGETS ABOVE 107O:
1) - 1125
2) - 1290
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
ACC CAN CONTINUE ITS BULLISH JOURNEY ABOVE 1660 ACC CAN BE HOLD ABOVE 1660 LEVEL
IT FORMED AN INSIDE BAR BULLISH CANDLE IN 1W TIME-FRAME, THAT IS BULLISH SIGNAL
IF SUSTAIN ON THAT LEVEL, THEN POSSIBLE TARGETS ARE: 1700 & 1750
NOTE: THIS ANALYSIS TIME FRAME IS 1W,
THAT CAN GIVE RESULT WITHIN 3 TO 6 MONTH.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
ESCORT INTRADAY TRADE STRATEGY - continuea gud buy for intra can b
btw level 1429-32,
22-20 as stop -
gud if it touches 1435 -
more upmove beyond 1442
TARGET 1 MET - KEEPING ENTRY LEVEL AS STOP HERE, ONE CAN WAIT MORE FOR 1440+
ESCORT INTRADAY TRADE STRATEGY a gud buy for intra can b
btw level 1429-32,
22-20 as stop -
gud if it touches 14435 -
more upmove beyond 1442
disclaimer - trade based on own study & risk.
CADILAHC: Inside Bar + Descending Triangle CADILAHC on the daily time frame has created an interesting setup. As per my 3 Rivers System, the stock is in an UP trend and has entered the lower edge of the River. Herein strong supports from (410-415) kicks in which has earlier worked as a strong source of support & resistance. Essentially the stock is at valid supports.
Now add on two more elements - an Inside Bar and a perfect Descending Triangle. Short term momentum has been oversold with drop in volatility. And yes the stock has been bouncing off from its intra-day lows.
When I combine all these elements, it raises a higher possibility of an upside breakout. A close above (425-426) confirms this which should ideally kick in fresh buying impetus. On the flip side a break below 410 definitely negates this possibility.
Trade Well. Trade Wise.
JUBLFOOD: 3rd Time Lucky? Now this is an interesting chart wherein I have highlighted three theoretically bullish patterns.
Highlight # 1 and 2 are both Bullish Harami pattern wherein #1 lacks the existence of a well-defined down trend. Comparatively #2 was better off with an erstwhile decent sized down trend. Did not play out that well as we do not notice any bounce back.
Now we have another Bullish Harami pattern (Highlight # 3). And this time it has the punch of an Inside Bar as well which points out a definite sign of range contraction. Clubbing this set-up with the fact that the RSI indicator has corrected well enough and now at the edge of trend reversal does raise a case for a prospective support.
First sign of a bounce back comes once the stock scales above the high of the “baby” candle at 2245 and a better confirmed move once the high of the “mother” candle at 2265 is breathed.
3rd time lucky for JUBLFOOD this week ahead?
Trade Well. Trade Wise.
Inside candle after a big red candle.1) broke the trendline
2) Prior candle is a Big red red candle (formed after a doji)
Take short position only if it breaks below 110.80 (Low of the big red candle)
Tgt: 103.5 (200 SMA)
SL: 114.5 (Above the inside candle)
Nifty - And now an Inside Bar.Nifty continues to consolidate and show respect to the over-head zone of resistance. An Inside Bar after today’s close will definitely encourage contrarian traders to take a short position below today’s low. Now that will be a pretty risky bet for which the immediate levels to watch for on the downside will be at (11,780-11,800). If you go short, please be agile enough to protect open profits, if at all.
I personally will not go for such a contrarian trend, primarily because the underlying trend has been very resilient. And so any price dip is likely to face supports which can lead to an equally sharp bounce back. I prefer to trade more in line with the underlying trend and will therefore wait for buying opportunities on the dip.
Trade Well. Trade Wise.
YOU ARE GONNA LOSE IF YOU ARE ON THE LEFT SIDE OF THIS BLOCK95% TRADER TRADE WHAT YOU SEE ON THE LEFT SIDE. THE PERSON READING THIS , YES YOU ! You have also traded like the 95% retailers havent you and at some point you realise that it isnt working for you!
Smart money lies with the 5% , but you never realise that !