Buy IGL above 470 for target of 479. Reason for trade, Trendline breakout and RSI divergence. Also "W" pattern formed on daily time frame.
Please Note I am not SEBI registered advisor, this is just my view and is for educational purpose. Please consult your financial advisor before taking trade.
Strong pullback in weekly charts we may expect rally will continue for short term.
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Trading in Stock Market, Currency or Commodity markets is risky and there is every chance of losing money. One should only trade with a small portion of his or her money which he can afford to lose. Never put all your money in trading and never borrow money to trade.
NSE:GRASIM
Observations:
1) On 1day time frame,it managed to sustain above 50DMA.
If it take support from 50DMA and trades above it then we can see an up move.
50DMA is placed at 1729.64 level.
Please refer below chart : 1day Time Frame.
2) Also On 1day time frame, it made double bottom pattern and sustain above the mid neckline of it.
Major...
There is pattern in JINDALSTEL , which indicates accumulation rally and then accumulation this is a good sign of up-trending stocks . Let the price break the zone with good volume you can go long for intraday. Place a stop-loss slightly below the zone . Note : The other thing can happen too, if the price breaks the zone downwards with a domination of sellers you...
NSE:BEL
Observations:
1) On 1 day time frame, it is just at very critical support level 200. If it gets support from here then it has chance of reversal to go up again.
But since last 2 days it has been taking resistance from 21DMA. Which is a sign of downtrend.
So we can say, it is between support and resistance. Brekout on either side will give good move...
++++++++++++++++++++IF IT SUPPORTS TO TRENDLINE SUPPORT GO FOR BUYING SIDE ====OR====
++++++++++++++++++++IF IT BREAKS TRNEDLINE GO FOR SELLING SIDE WITH RETEST ******************
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES...
++++++++++++++++++++IF IT SUPPORTS TO TRENDLINE SUPPORT GO FOR BUYING SIDE ====OR====
++++++++++++++++++++IF IT BREAKS TRNEDLINE GO FOR SELLING SIDE WITH RETEST ******************
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT...
If a trend continuous go for selling side======OR======= If It Breaks wait for retest and go for long side
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR...
![GRASIM: Simple Trade Setup | GRASIM | 14-12-2021 [ INTRADAY ]](https://s3.tradingview.com/4/40uk8WfL_mid.png "Simple Trade Setup | GRASIM | 14-12-2021 [ INTRADAY ]")
![BEL: Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]](https://s3.tradingview.com/m/mPUZwrvg_mid.png "Simple Trade Setup | BEL | 11-10-2021 [INTRADAY]")
