I have been watching this for long time. You can see all close support and resistances.
Right now it is in a good range and have potential news and sector rotation for making all-time high.
not buying advice..
Pure price action analysis. With the low risk setup that I see here , I don't think I would need a stop loss.
1,2,3 Pattern on display is the beginning of every great move and when it falls within a pattern of a triangle breakout and retest as well as an inverted Head and Shoulder pattern + a reversal at RSI bottom what else do I need.
Holding with Patience....
NSE:LINCOLN retraced till 23.6% FIB level and appears to be taking support now. RSI has also bounced up from 40 and is now above 50, aka in the bullish bias zone.
Interestingly, the support zone is right at a previous high.
Risk is limited as a failure to hold the 23.6% level or the previous high can negate the view. The pharma index, NSE:CNXPHARMA , saw good...
Reliance is expected to breach its earlier resistance levels, but we can swing trade it for a profit target of 101 against the stop loss of Rs 24. This is a good entry point, but because there was a high jump on the last trading day, you can buy that gradually watching for small pullbacks if any.
All the best for your entries ;)
Riding the Parallel Channel , it is close to the bottom of the channel where a reversal is expected.
Support of 50 MA just under it.
Expected : MACD crossover and RSI breakout and Price breakout.
Apart from this Crude oil chart is expected to give a massive breakout.