LONG
JK TYRE --Bullish --Long Term JK TYRE --Weekly chart -- Bullish Technical indicators '
1. Weekly chart find lower channel breakout after correction 140 sub level , Stock seen upmove towards 200 + level an corrected again around 140 level where find retest breakout support, recently .
2. stock at cmp 164 level trading at upper channel at higher high an higher low chart pattern .
3. Weekly RSI seen enter at bullish zone above center line .
4. CCI , EMA crossover seen at center line move above center line will extreme bullish .
5. Stock above 24,35 HMA near Crossover at trendline support, and trading near 200 HMA line .
6.All this indicators look bullish turnaround in price , mid to long term Period entry at cmp 162-164 level for mid term ( 6 month) target 175-200-220 and long term ( 1 year ) target 250-300 . stop loss bellow strong support line 135 at daily candle closing bellow level .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE . ** Trade at own risk .!
HAPPY TRADING .!!
Nifty: With FED Meeting done & dusted what to expect from Nifty?18030-18065 would play a crucial role
Sustaining below 18030 on 15 min candle one may look to sell for target of 17960 odd levels with a SL tad above 18065
giving a Risk:: Reward ratio of 1::2
A weekly close below 17960 could open doors for a move towards 17800 / 17750 odd levels.
Sustaining 17960 and managing to give a Weekly close Above 18065 In that case Long can be initiated for target of 18400 in coming days with a SL at 17960 giving a Risk::Reward ratio of 1::3.3
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4H BHARTIARTL - Long Position1. Bearish Engulfing Pattern formed at Supply and Demand Zone.
2. Fib Retracement occurs perfectly at 50.0 Level.
3. EMA 365 and 150 acts as Support and Resistance at that zone.
4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.