The stock has formed a channel at the bottom and gave the breakout so a trend reversal long trade is available at good risk to reward ratio.
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!
Its been observed that Tatamotors started upward journey after the correction. Certainly looking for 590+
Beautiful trend line supporting the up move offers a good long entry into the stock. Decent Risk to Reward ratio at this level. The stock is reversing from the lower level so one can book the profit at target or continue with trailing stop loss for the higher level. Recent bar has made a bullish Harami pattern also giving a reason to long at this level. Good Luck
From last 6 months trading within the channel and looks today reached bottom of the channel. Further will be heading towards the previous high of 282. One can wait for the momentum to reverse with a stop loss at channel bottom.
Nifty would go higher from current levels with first targets around 8775 and second targets around 8900.
BankNifty would go higher from current levels with first targets of 19700 and second target of 20050.. One can keep a stoploss around 19050.
going good by price action we saw it retraced to point 2..now going to target 3.. go long stop loss below 2.
IMP POWERS LTD has bounced from a monthly trend line. Also Considering an Elliot-Wave study, it appears that the long term correction of this stock go over in its earlier upmove to 126 levels. The target from here-on is 126 levels, it can be bought with a stoploss of 77.
Trade the break out, after breakout wait for the pullback then buy.. Stoploss below wave 4. fundamentally strong company #INVESTMENT
Description on the chart itself. Happy trading Regards Raj
After the last idea of the confluence of supports, Nifty seems to be holding up with a retest of the previous day's lows. Now, will it do the top of the channel?
Relaxo seems to have broken out of it's downtrend and has completed an a-b-c correction. It can be longed with a stop below the 0.618 fib with a target of an all time high.
Confluence of supports. Buy with stop below DL today. Strict SLs.
Long near 244-243 with a stop below 241 offers good RR for a bounce in this counter.
Bullish on holding 8700 support, bears will get active below 8660 for a move towards 8600. sustaining 8722 then momentum on upside for 8800/882
Wait for BO, once is sustains ... T1 52 T2 Sky is the limit.
Tata Global has broken the downsloping trendline and broken out .. but but but ... needs to close above 150 and sustain - and since its a Weekly TF ... could be time consuming as well as itchy to wait and watch ... Once above that levels, expect it to move to 162 odd levels with some small stops and retracements in between.