NSE:MINDTREE has given breakout of cup and handle pattern along with gaining 200 EMA on DTF. I would wait for a retest candle before initiating long trade. SL would be 3274 for possible targets marked on the chart
Let's see which way the story unfolds. Happy Trading!
Disclaimer -
- The view expressed here are my personal views. I am publishing this for my...
NSE:COFORGE has managed to close above all EMAs 20/50/100/200 along with a spurt in volume . After making double bottom in Sept 2022, it seems the trend is changing with an up-move seen in IT index. Considering the momentum in NSE:CNXIT , this could move towards 4800, 5100 and 5900 levels. Also something interesting is that relative strength is almost at 0 as...
Hello Traders .....
Correction in the price is very important for the traders, it gives us the opportunity to enter a stock before a new trend.
Because we always see a correction before the start of the new trend.
The same styled correction is seen in Naukri.
Naukri is corrected more than 50% from the highs.
And now we see the signs of the completion of that...
Nifty IT made double bottom as mentioned in chart. Now it is near previous high. if it crossed the PH, then 2000 point rally can be seen. otherwise a fall from the red line marked on chart. So we can hold IT stocks if it crosses 30500 level.
Coforge has been consolidating in a range from 4800 to 5800 from sometime and it formed a symmetrical triangle.
1. Buy only above 5625
2. Stop loss - 4800
3. Target 1 - 6,400
4. Target 2 - 6,800
Disclaimer : I am not a SEBI registered and this is just my analysis and sharing for education only. Do trade or invest at your own risk. I am not responsible for any...
Breakout by Bluechip #bbb
HCLTECH gave breakout from this pattern with avg. volume and we saw a retest with good volumes.
High volume than the breakout candle.
This is not a good indication.
Retail traders may get trap at higher levels.
Waiting for the strong indication of bullish trend is the best option for now.
Nifty is near all time high.
I will not expect...
Cigniti Technologies making Higher Highs & Resistance Breakout with good Volume. We can go for Buying at Retracement levels for Swing Trade.
TGT 1- 616
TGT 2- 680
-> Always Enter With good confirmation & Maintain proper Risk Reward.
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Stock has given flag BO in 15 min TF and also taken support at 78.6% and then 100% Fibo levels.
Looks good above 556 for tomorrow if doesn't open gap up tomorrow
HOW TO FOLLOW ALGO SIGNAL:
Deciding buy/sell
1.Strictly use only on 1 hour time frame.
2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity.
Taking a position:
3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
