Nifty 50 can take support at around 17900-18000 range and bounce back, due to short term trendline and major supports. Breaking it can cause further downside.
Adani ports' price has corrected a long way and now it is near the breakout zone. If the price sustains above the 762 level then it can go near the supply zone.
There are 2 scenarios here,
1. Go long if the price breaks out at the 762 level.
2. Go long near the demand zone, if the price gets rejected from the 762 level.
This demand zone must give good support...
Maruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ.
This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ).
We can also a downtrend line is broken, but for...
TRADING WATCHLIST FOR W/B 6-9-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check it out if any of these fit your trade plan.
ON MY WATCHLIST FOR...
ON WEEKLY CHART , Reliance showing strength to breakout and may hit a new high ,volume is good .
one may go for breakout trade with stoploss near 2250 .
for the tgt ;- 2500+
Asian Paints has crossed 3163 levels with high volumes after breaking the demand zone 2. For a better risk-reward ratio, we can wait for a pullback until 3163, which is expected to act as good support.
Place your stop loss level below the demand zone 2.
The XABCD bearish crab pattern sets a 1.618 fib extension level as a profit booking level for longs. Book...
Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD.
After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the...
Reliance took a correction of nearly 10% from 15th June to 25th July, then made an up move. This correction completed the target of the bearish bat pattern(left side,
Moving to the current situation, the price is again at a decisive potential reversal point but being already beaten up, chances of fall are less if spoken logically. There could be a fall also, so...
Weekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
We already chunked good profit and Sitting tight in same. from level of 4300 .
If anyone wanted to buy or take entry/Fresh Position
Just buy above 5550 closing
Or risky come with me CMP 5360
SL 5000
Tgt 5800 6200 6600++
CMP 669
Good likely opportunity to Buy at Rs 620.
Wont Go Short here, though its 7.5% downside from here.
The upside potential from 620 levels seem enormous.
heg cmp 2195
add @2100 range
2370-90 acting as a good resistance.
once it breaks the resistance, we can see a good ride in the stock.
Why was it selected❓
🔹expecting good growth in this company
🔹Technically looks good.
🔹Funda almost good.
🔹Good numbers.
🔹Company is almost debt free.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE...
It has been non stop rally for Apollo hospitals because of ongoing Covid scenario. It has a very good trendline and also recently bounced form the trend line. Hence enter the stock now for upward swings.
