This is complex Head and Shoulder pattern, the pattern in past has served profits very well. Open a short on break out of pattern neckline of price below 545 for target of 455 and 390..
SL 580 (price should close above 580 on day chart to exit)
This pattern formation make idea very strong. Happy Trading.
This position will need longer time to make both target...
GO SHORT, MEDIUM AND LONG INVESTMENT PURPOSE
BUY NEAR 550
STOP LOSS 528
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
The trend analysis done using few major support lines on daily chart , we are looked into major support/resistance trend line of market cycle trend, long term. Sensex channel has touched high value for all three channel, on 3rd June Sensex touched high value trend line (Resistance) continuing since 2009 and also touched high value uptrend running since Oct'18 and...
Tata motor has broken major support of 152.7 ( 78 % retracement level from previous upward rally) and formed three bearish candle below it which confirms accelerating downward moment, and showing it will test old low of 129.15 and will go below further. This is no more pullback wave as it broke 78% retracement level but its new primary downtrend wave. If you look...
Stock had underperformed the index since last 10 years and was consolidating between 320-150 range. Finally, stock has given a multiyear channel breakout above its crucial resistance zone of 320-350 with volume. RSI on weekly charts have crossed 60 mark indicating bulls are in power. Weekly closing above 350 mark is indicating that SBIN is getting ready for a...
Buy Trident Ltd. at current market price with stop loss placed below 47 and target of rs. 80 to 90 within a time frame of 1 year.
Charts of trident are looking positive and broken above the downtrend channel which is bullish reversal sign with price volume action. Recently one white shoulder pattern creation has confirmed the bullish reversal.
Lupin has created the bottom in my opinion and now it is looking good for a bull run which will lead its price back to its all time highs. As everyone knows it has strong fundamentals with minimal debt available in its balance sheet.
On the technical charts it has created two strong Bullish Reversal Patterns which are Abandoned baby and 3 White Soldiers.
As the price of Interglobe Aviation has been significantly corrected, I think it’s a golden time to buy the stock at current levels.
My idea to buy the stock is for only investment and not for trading purpose. Invest only if you can hold the stock for a minimum period of 3-5 years.
As far as fundamentals are concerned Interglobe Aviation have strong fundamentals...
Presently, moving above 100 EMA and chart pattern showing an upward trend which may give a move of 20-30 pts.
If it breaks the upper resistance line above 660 level it can give a good move.
MACD is above zero line with bullish crossover.
Keep watch on it for future price movement.
Buying Ripple now with less risk now will get more reward in future - BEST LONG TERM INVESTMENT
FUNDAMENTALS-> RIPPLE Partnerships with many companies and a important one is WESTERN UNION Money transfer
It will going to test it on April 18 which influences the chance of more bullish driving forces hereafter
A chance of price will go more than 10$ with in a year