Levels
MGL looks promising to sell below 1182NSE:MGL
Today MGL RSI shows bearish divergence. Couldn't break the 1190 resistance levels.
Stock was trading sideways and with a bit higher high formation but the RSI was making lower highs. This is a sign of weakness in stock.
Stock is not ready to go up at this moment. One correction is still required.
Keep tracking of this stock for tomorrow as MGL looks promising to sell below 1182. Target level are marked in Green line. But don't forget to keep stop loss at 1190 level.
BankNifty - 11 June 2021Hi everyone, out of my many ideas this one is interesting, smaller time frame shows bearish short term, but overall bullish momentum can be analyzed.
The arrows on the chart show Intraday movements. The levels are accurate and tested multiple times. Hence, adjusted with precision and correct prices.
Trade Wisely and Smartly
BHEL LONGI previously posted an idea to short BHEL only IF it breaks the marked distribution phase from the lower band. If you see the description of the previous idea on BHEL, you can see that I have written there that ONE MAY LOOK FOR BUYING OPPORTUNITIES IF IT GIVES A BREAKOUT FROM THE UPPER SIDE OF THE RECTANGLE.
And here we are Today Bhel gave a good breakout form the upper range. And hence, as suggested before, one may look for buying opportunities now and we will now treat this distribution phase as RE-ACCUMULATION PHASE!!
LEVELS: (Based on weekly charts
ENTRY: Buy above 81 (on closing basis)
Target 1: 100
Target 2: 108
Target 3: 119
STOP LOSS: 73
TRAIL STOP LOSS
I would recommend going long on BHEL with above levels ONLY
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
THANKS
Irfc Short term holdIRFC looking good on daily timeframe, if w manage to hold the mentioned level i.e 23.15, we can also buy at red markers once it starts to move up after testing the marked level
Short term target can be up to life time high which is 26.7.
Hold Duration 2-2.5 months
Entry Price -23.15-23.40
SL- 22.5
TP-26.7
ROI~15%