This is in continuation to the earlier post on Bajaj Finance.A strong bullish head and shoulders pattern seem to be in the making in lower time frame charts. One need to wait for pattern completion for safe trade entry. If the price manages to cross and sustain above the neckline placed near 3330 , the targets mentioned in the chart could be achieved in August series.
Positional analyze for Short term holding (may take some quarters)
Weekly time frame for the last 8 months price was making Lower low, after big fall now RSI Bullish divergence occurring. High probability the price will goto its previous level of Rs.70/-
CMP : 43.25
Any dip / fall is an opportunity for accumulation until 34/-
SL : 30
Target : 70, 88
A very powerful pattern in State bank of India emerging. If it breaks out it will probably make all psu banks rocket too.
long above 200 with volume for a target of 250.
Keep an aye for this. look for other psu banks too.
From the life high price made in 2017, Hero Motor stock price has been on a consistent downward move. Earlier this year the stock fell near to 1500 levels and ever since has been making an attempt to reclaim some of the earlier support levels. The last four weeks price action suggest that the stock can climb to higher levels if it defends 2240-2200 levels which is...
Inverse Head & Shoulders pattern forming on 2 Hours Chart of DR REDDY'S LABORATIES. BUY 4100, SL 3848, Target - 4400. Distance from neckline to the bottom of the head = 476. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.