Longtradesetup
SBIN Channel BOSBIN has quite Broken out of long term channel.
Fingers crossed, if sustains may be Bullish for short term
SUN TV BULLISH Inverted Head and ShouldersSUN TV showing Inv Head n Shoulder pattern
short term bullish BO given already
ADANIPORTS | BREAKOUT | ACCUMALATE EVERYTHING ABOVE 400!!!Stock has given clear inverse head and shoulders pattern breakout over the levels of 400 on the weekly charts and has confirmed it with the following bullish candles. Stock can definitely be accumulated for a good long position on the lower levels with the stop-loss of 400 for the targets of 600.
SUNDRAMFAST|BREAKOUT ON WEEKLY CHARTS | GO LONGStock has given a breakout of inverse head and shoulders pattern on weekly charts over the levels of 540, uptrend is intact and fresh position can be taken with the stop-loss of 540 for the targets of 800.
ANOTHER INVERSE HEAD AND SHOULDERS, POSSIBLE BREAKOUT OVER CMP!!As clearly seen, stock has completed the inverse head and shoulders pattern on weekly charts and is ready to give a breakout if it breaches the current market price. Fresh position can be taken on these levels with the stop-loss of 85 for the targets of 135 from here.
PERFECT INVERSE HEAD AND SHOULDER, POSSIBLE BREAKOUT OVER CMP!!!Stock has completed the inverse head and shoulder pattern formation on a weekly chart and is ready to give a breakout if it breaches the current market price. Targets achievable from here will be 660, with a stop-loss of 420.
Equitas Holdings: Bullish break-outEquitas holdings has been forming a triangle pattern where 56.50 level has been acting as a strong resistance since late April.
Price tested the upper resistance zone of 56.50 around 3 times in late April, once in mid May and multiple times in the last week of June. Thus, making it a strong resistance. Further, in the lower side, price has been obtaining support along the trend line ranging from 41 to 45 to 48 thereby reducing the size of the triangle.
On 7 July 2020, Equitas holdings broke the strong resistance of 56.50 with a huge volume spike (largest in 3 months) and closed above the resistance line at 58.90 signalling a bullish break out. Measuring the average height of the triangle, the stock is expected to gain at least 10 points from the break out zone.
Long: 59 (or if there is a pullback - close to 57)
Target 1: 66; Target 2: 69
SL: 52
Technicals:
1. MACD: Steep divergence in the making as the MACD level line cuts the MACD signal line from below.
2. Price strongly cuts and closes above 200 EMA
Siemens India: Looking for an early break out from the triangle After the block deal of share transfer between the holding entities, Siemens India rallied and consolidated near the upper trend line of the triangle pattern.
On 03 July 2020, long green candle was formed in day chart above the upper trend line of the triangle pattern. Volume saw a huge spike indicating a big money move.
If the price sustains above the upper trend line of the triangle pattern with a considerable volume, it would be an early break out and the erst while upper trend line will turn to be a support line.
In case of early break out, buy near 1135 during a surge after a pull back to 1120 levels.
1st Target - 1200-1230; 2nd target - 1250-1270
SL - 1105.
Indicators:
1. MACD has a positive crossover and looking for a divergence
2. ADX indicate strength of the upward move
3. Price crossed and closed above 200 EMA and 20 and 50 EMA point upwards.
4. RSI not yet in overbought zone
Caution: Since this is an early break-out without any strong fundamental news, respect the SL
PTC India: Long break outPrice action pattern: Break-out and sustained from a downward trending line resistance line (From 43 to 35) at 35 with almost flat support line at 32.5. Further after break-out, tested the support turned earlier resistance line and stayed above with considerable volume.
Fundamentals: Results of Q4 2020 and FY 2019-20 is expected on 08 June 2020 (Monday). With the overall trend of the market expected to be upwards and the results at the back of some good deals for PTC, price is expected to be favourable towards bulls.
Indicators:
1. MACD: Upward crossover over signal line observed at the previous low of 32.5 (near support)
2. RSI well below overbought zone showing short term strength
3. DMI showing a ADX strength of close to 50 whilst ADX+ sustains above ADX-
4. MA 20 cutting MA 50 from below
Possible trade:
Buy: 37
Target 1: 39
Target 2: 42.5
Stop loss: 34.5 (Considering an ATR of 0.76)
GBPUSD: LONG TRADE SETUP (150 PIPS PROFIT )Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
2020-01-21: ASHOKLEY BUY at 85, SL 83.3 TGT 90ASHOKLEY is in an uptrend with Buy in CASH Market at 85, SL of 83.30 and Target of 90
Consult your finance advisor before taking any position.
