This study is to show the importance of a simple Triple confirmation Strategy in WIPRO that has generated a good return in the past and currently shows the same confirmation. 1. 200 Weekly Moving average – the stock must have tested the 200 Weekly Moving Average. 2. Rate of Change must be above 1 3. RSI must be at or above 50 or marginally lower. In the Past: ...
Clear breakout is seen in DTF. Taken at breakout near the trendline for 1:2 reward in daily time frame for a swing trade.
A continuation trade can be planned with small risk... Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not...
BAJAJCON | Potentially a strong breakout ahead -Good for 25-60% CMP : 165 SL : 145 Target : 210, 265 1:3+ risk reward setup for first target
FINPIPE | Trendline breakout and retest - Looks good for 30-50% CMP : 150 SL : 140 Target : 195, 235 1:4+ risk reward setup
IRCTC is ready to pierced the downtrend line with a strong base. Price is above 200 EMA showing positive move
MAHINDRA AND MAHINDRA LTD GOOD FOR SWING TRADING This stock support at trendline and movingaverage44 buy 1270 sp 1190 1 target 1340 2 target 1400
INFY finally breaks out of its long term resistance zone AGAIN after breaking past the 50EMA on above average volume. Very favourable risk to reward with the stop loss below the 50EMA Target near the recent breakout high. Keep It Simple
we can see double bottom , rsi positive divergence and now the price is above 75 ema so it is in buying zone and price already corrected from 52 week highs can accumlate for good risk reward ratio
Beautiful number of confluences have been shown by NAUKRI 1. Support of the 50EMA 2. Support of the trendline 3. Break of 200EMA 4. Very favourable and quick risk to reward ratio All this was done on above average volume making a high probability for a long trade. Target should be at the next level of confluence 4881. Keep It Simple
Adani Green has given a beautiful pullback to its previous 1. resistance zone 2. double bottom neckline 3. trendline A possibility of a long trade when the high of the most recent candle is broken on above average volume which breaks theresistance level, neckline and push off from trend line. Targets can be taken at T1 and T2 Keep It Simple
Hey, do you like profit then your search is ending now Today we are having NSE: CHOLAFIN We have already seen that the chart is showing us weakness in the past few days but the scallops patterns have occurred and now you could see a downside What we have found by analyzing the chart 1. A Scallops pattern has occurred 2. The Chart Breaked a series of dojis and...
Relaxo Long (02 Aug) RSI- 64 crossed 50 day EMA, Above average volumes since last 8 days Buy at CMP- 1023 SL- 988 Target- 1085, 1120 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
ICICIBANK (24 June) RSI- 50 9 days consolidation breakout Gap up opening above 20 day EMA Short term Buy at CMP- 709 SL- 698 Target- 718, 726 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Nifty after a major fall was under base building formation for around 21 days with rising RSI i.e. positive divergence, and finally we saw breakout from the base on Monday with a gap and also successfully breached above 20DEMA which was an indication of exhaustion for the prior trend. But, after 20DEMA we were witnessing resistance @50DEMA since last three days...
#SUNPHARMA BUY TRADE ENTRY 931.50 SL 915.55 TARGET 1/4 QUANTITY 31 #follow rr #swingtrade #month report