DR reddy Cmp 2343 The stock had seen 2260-2265 acting as resistance a few days back. It gave a breakout and zoomed towards 2526 in a matter of 2 days. Thereafter the stock has seen retracement and had been falling. Today the stock has reversed back from exactly from its previous resistance zone confirming previous resistance now acting as support Target 2450...
Notes on the chart. Have a look at posts in the comment section, may be they can help. Trade safe. Hit like/comment. Regards Bravetotrade
Tata Steel CMP 649.8 On hourly charts we observe a neat channel trade Currently Channel Support comes around 642 Target comes around 672-674 There is also 20 min EMA support at 646 Ideally the stock should hold channel support, however, in case we see break of channel below 642 then stock can fall up to 618 / 600 levels Plan your trade...
Looking forward for buying on channel bottom after bounce. PS: Wait for the bounce confirmation. So keep watching!
Hello traders, As can be observed from the chart. The stock pulled back exactly 38.2% of the previous bull move and retraced. In my previous post this retracement was interpreted as an ABC type but as the price action unfolded it appeared quite more than that. The stock made a nice move and faced resistance near 200 odd levels. Currently it seemed to have started...
HDIL CMP 88.40 The stock has seen some correction from 94 odd levels Holding 89-87 zone (buy zone) the stock can again aim higher for targets of 93 and above that 100+ A close below 84.80 on closing basis should be considered as Stop loss Do review your trading plan and plan your trade accordingly...!!! Take care & safe trading...!!!
Hello friends, The stock of Just Dial appears interesting and is at support levels we may see a recovery soon. The app has gone recent transformation and introduced pay feature which will be beneficial for the company in long run. Available at decent valuations. No strong technical indicators though RSI indicates highly oversold
Target according to next resistance matches with the fibonacci's next target. Triangle breakout on daily chart and rectangle range breakout on weekly chart with great volume. Keep stop loss at new support as shown in chart.
This setup is for education purposes only This setup is valid if price reverses from Point C and reaches to Point D. Entry will be at price level on point D. How to Find Gartley Pattern (for Long Setups) 1. Find Impulse Leg. In this setup, Impulse leg is from X to A 2. Take Fib Retracement from X to A, The point B should be between Fib retracement 61.8 and...
Targets are 440/450 SL: 405 Note: Do your own study before making any position... Please Like, Follow and Comment your views below...
ICIL has recently made a channel breakout with higher volumes it would be good pick for making positional trade...... CMP 201.5+ RSI : 65 Do your own study before making any position... Please Like Follow and Comment your views...
I use this kind of setup for trading and it works mostly. Buy the stock with stop loss little below the last swing low and let it trade run with trailing stop loss. Mostly the reward is reasonably good. Good Luck
Here, i have identified a potential long setup in JetAirways. It's a short-term positional trade. CMP - 378 Date - 6 Feb 2016 I have written notes on chart to help you trade. Thanks. Will be updating you. Regards.
NSE:CIPLA is at an important support tracing back to 2014. It's currently trying to overcome it and has a positive market structure with good trend strength. As you can see it is having 2 rising wedges forming, a smaller one inside the bigger one . Indicating a very good sign of bullishness. One should expect upside and look for long trade opportunities.
Price broke and closed above symmetrical triangle. An opportunity for long entry. #Target 1: 425 #Target 2: 450 Happy Trading!!!
CMP - 942.65 Infy has formed a pinbar on a strong weekly support . Also, you can say it's a double bottom on recent data. I have drawn the various levels you should be aware of. Everything is there on chart. You can trade accordingly with your strategy. Thanks. I'll update the idea whenever I'm watching it. If you have any doubts, opinion or...
NSE:BERGEPAINT From around 10 in 2008, the stock has shown a very steady trendline to around 260 in 2016; returning 2500% in 8 years. Now we see, that the stock is falling below such a significant trendline. Long-term investors can look to enter the stock at ; 1. when the monthly closing is above the trendline. 2. if at all, it reaches the blue line, it...
Head and shoulders type pattern on 15 min tata steel chart after nice bull rally buy above - 451.35 stoploss - 443 target - 474+