Vertical price move from 05.12.16 to 08.12.16 has formed a pole and pattern gave breakout after 2 days of consolidation which is normal for flag pattern as it is a small pattern. It seems a good Flag formation as the volume on last day of pole and on the breakout day was relative higher. One can enter long now for a target of 1060. Stop Loss closing below 944.
Butterfly pattern formation on Asianpaints on 1 hr chart and 860 showing good support. Trade: Buy above - 871 Target 1 - 877 Target 2 - 884 Stop Loss - 861 Reward Points - 13 Risk Points - 10
Ascending Triangle formation on Ibulhsgfin. Trade: Buy above - 656 Target - 666 Stop Loss - 649 Reward Points - 10 Risk Points - 7
ABCD Diamond formation on Sun Pharma and RSI oversold at 1 hr. Trade: Buy above - 635 Target 1 - 643 Target 2 - 650 Stop Loss - 625 Reward Points - 15 Risk Points - 10
Technical Bullish: EMA 5/20 Cross over and EMA 50 lying below the price. Stochatic on bullish upside. MACD bullish crossover and above the '0'. RSI above 50. Trade: (Spot Price) Buy above - 8230 Target 1 - 8245 Target 2 - 8270 (Safe Traders cover 100% & Risk traders cover 75% at this level) Target 3 - 8290 (Risk Traders only)...
The stock has formed double bottom, gave breakout now retesting from above. One can enter long now with reasonable Stop loss. Pattern Target is 353.80 however there is resistance at 341.40 so let's see which one it achieves. Even for the lower target risk to reward ratio is good.
Technical Analysis: EMA 5/20 bullish crossover and EMA 50 lying below the price. Stochastic on bullish but lying in overbought level and may take some correction. MACD on bullish and histogram on above the level '0'. RSI above 50. Trade: Buy above - 1042 Target 1 - 1049 Target 2 - 1058 Stop Loss - 1033 Reward Points - 16 Risk Points ...
Technical Analysis: RSI above 50. MACD on bullish crossover and Histogram on above '0' line. Stochastic on bullish but in overbought level, so may be take some time to make correction. Price lying above the EMA 50 and EMA 5/20 bullish crossover. Trade: Buy above - 631 Target 1 - 637 Target 2 - 642 Stop Loss - 625 Reward Points - ...
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
Cup formation on Nifty 1hr chart. Trade (on spot) Buy above - 8255 (spot) Target 1 - 8285 (spot) Target 2 - 8317 (spot) Target 3 - 8347 (spot) Stop Loss - 8210 (spot) Reward Points - 92 Risk Points - 45 Note: Price quoted here is spot not future so please trade accordingly..
Symmetric Triangle formation on CEAT and show bullish trend on MACD, STO & RSI. Trade: Buy Above - 1286 Target 1 - 1298 Target 2 - 1311 Stop Loss - 1269 Reward Points - 25 Risk Points - 17
Trade able Pennant pattern gave breakout with higher volume yesterday. It offers a good opportunity for short term gain. The pattern is relative short pattern so the target can be reached in next week. Risk to reward ratio is quite reasonable.
Bank Nifty has formed a Wolfe Wave therefore one can watch the price movement and enter long. Since the index is in downtrend and is at a very good support level breaking it could drag the price further low so it is advisable to trade it with caution and stop loss.
IFCI Found a strong support @ 23,1 . RSI value is 35 indicating oversold. Long Position @ Current Level Target @ 25.95 SL @ 21.1
Nifty has taken support at 7950-8030 range and formed big candle at this level and upside formed reversal candle but immediately formed buyer reversal. and taken control of nifty by buyer. so it can be go long up to 200ema at 8285. wish u happy trading
Cup formation on Sunpharma at 1hr chart. Trade: Buy above - 677 Target - 685 Stop Loss - 672 Reward Points - 8 Risk Points - 5
Ascending Triangle formation on Infy and showing bullish trend. EMA 50 on EOD at this level so once broken then price will hit the target. Trade: Buy above - 989 Target 1 - 999 Target 2 - 1009 Stop Loss - 973 Reward Points - 20 Risk Points - 16