BAJAJFINSERVE broke above rounding bottom formation pattern on hourly charts with decent OI.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target patiently.
Stock is trading in a channel with higher high pattern, given BO and retested, again BO with good volume burst, follow chart for proper support and resistance levels.
LT fut made hammer pattern on an hourly chart & has highest PE writing on 2640 with addition of 4.8%.
Could be bought with very small stoploss below hammer low of 2634.
both side potential
wait for box breakout
avoid first 15min breakout
wait for 15 min candle closing
targets are marked
if the breakout comes after 10:00 am then the probability of winning will be more.
follow risk management
do your own analysis
do workout
do meditation
start reading books
BANKNIFTY Breakout Level 42711 DCB
If U look the structure of bank nifty it is clearly showing the rejection from 42711 from the same levels again from 6 january 2023 to til date 20 January 2023 .
todays closing will be important to watch out in the from new fresh long run for banknifty
it is simple range breakout happening
#share markets
Grasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look...
