NSE:WIPRO on a Daily chart
The current market price is at 264.20 and the candle formed on a daily chart is spinning top which clearly is an indecision candle.
Also, the price closed below 200 Moving average which clearly indicates sell. 255 is clearly strong support and if the price
reaches the level look for buying opportunity with any reversal candlestick...
For BALKRISIND ,there is a double bottom formation in the 1 hr chart signalling the re-tracement of the daily chart downtrend has started , if the price closes above 738.5 we can go for a long
position and the target will be 764
As the stock is trading in the channel a short-term uptrend is to be witnessed as per the chart analysis
BUY @ near CMP 76.90
SL @ 73
TARGET 86 to 90
Time Period 15 to 20 days.
for more than a week link/usdt on 4h chart following a trend line as i indicated here with a black lines ...several supports and resistances but this time the scenario is different where i can see a super strong support level with double bottom at 0.9380 trend line level along with Fibonacci great support on 0.61 level.these three supports trend line,double...
Like it to start :)
As shown in the chart : Potential long opportunity with provided Targets and dynamic SL based on what your entry is .
Things might be invalidated if BTC decides to tank. Therefore Stop Loss is the key .
ITC is looking strongly bullish after breaking the neckline/ resistance of the triple bottom pattern.
Overall long term trend is bullish as the price is above 100 EMA.
It may rise to 20-30 pts and if it crosses 330 in the near future it will go much higher.
The MACD line crossed above signal line and moving upwards.
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
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