Lowrisk
Gujarat Gas - Low Risk SetupEntering here is good for the risk-reward ratio in the trade.
If the stock doesn't break the parallel channel downside, may rise to the levels of 700/730 or even more in the coming days. For exit, follow your risk management every time.
For learning and sharing purposes, not a bit of trading advice.
Please comment with your views.
ESCORTS - No Stop loss Low Risk PickPure 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. Don't ask for time frame. Ride the setup and enjoy the journey (slow/fast) to its destination.
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Always keep a stop loss to rescue you out of troubles if not sure and trail the stop loss as the price rises.
Lincoln Pharma reversing?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 support today and RSI has bounced up from 60 which might indicate that the sector is readying for the next leg of its bull run.
Reliance: Good reward risk ratio. Targeting a profit of 101Hello Traders,
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 ;)
WELSPUN CORP-Crude Oil Rise BeneficiaryRiding 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.