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Majortrendreversal

MAJOR TREND LINE SUPPORT AREA !Stock is at its major trend line as clearly seen in the chart. Look for strong candlestick reversal pattern on daily time frame or wait for small uptrend formation. This can prove to be a great risk to reward ratio trade with RR minimum 1:4. Trade only for positional/swing. Target can be 5% , 10% and 15% as per holding capacity duration. This chart analysis was done by me only for better learning , consult your financial advisor before taking any trades.
NSE:MANAPPURAMLong
by headymuk
Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the lucrative risk reward. One needs to analyze this trade at every major pivot.
NSE:JUSTDIALLong
by rahulundefined