As per the 2 Hour Chart of INTELLECT, we have witnessed the Formations of a “Bullish Harami” Pattern backed by a confirmation candle.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein, the stock is being expected to face a resistance initially at around the levels of 808.85, 828.30, and 846.70....
This is follow-up on Intellect Design Arena. Can check link to related ideas.
Target 1 achieved. Gain of more than 15%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI...
here we are using harmonic for long side target in positional trade one can long till target one for swing as well.
if find reversal at target 1, one can short as well and ones find support then go for target 2 again if find reversal at target 2 go for short again.
******whatever charts or levels sharing here or on any other platforms are just...
📈 Intellect Design 📉
It broke out from Resistance Zone of 780-800 and also closed above high of July 2021 with strong green candle. So I am biased on long side.
On Buy Side I am looking for Targets of 1000 and 1100.
StopLoss should be kept at 810.
It offers 1 : 2 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing...
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NSE: INTELLECT 709
-Near 200 Moving Average
-Risk Reward Favorable
-Symmetrical Triangle Like Formation
-Next Levels To Watch 730-785-795-860
-Support Near 645-577
good positional trade
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1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Not a recommendation.
A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...