RBL is now ready for a big short movement as it has broken all barriers in terms of moving averages. Price is currently under pressure and can expect the following to happen
short price - cmp
Stop loss - 381
Target 1 - 302
target 2 - 286
Target 3 - 230
Strategy - Short 2 lots and cover 1 at 302 and the second at 286, if it trades less than 280 for more than...
1) Cross over of 20EMA & 200EMA with the formation of triangle considered as Mutlibagger pattern
2) You aquire this stock between 95 to 110 SL 90 target 180/200 in 6-8 months
3) Fundamentally strong company
ROE 22.97%
Dividend Yield: 3.12 %
Debt to equity: 0.00
Reserves: 8,775 Cr.
Pledged percentage: 0.00 %
Dividend Payout Ratio: 42.98 %
Pro's
-> Company is...
200 EMA HOURLY RESISTANCE.
IF NIFTY ENTERS THE GAP IT WILL FILL THE GAP WITH RESISTANCE AT 11020.
IT WILL A SIMPLE TRADE.
VIEW ON NIFTY MIGHT BE LONG IF HEALTHY BREAKOUT GIVEN OF 200 EMA.
Hi Traders,
ICICI Bank find strong support at 200 sma & nice Bounce with good Volume.
Bullish on stock due to below point:
1) Good Bounce from 200 sma with more volume greater than last 20 day average Volume.
2) Big Bullish candle at form at confluence of support zone 375-385 & 200 sma placed at 386.
3) Good risk reward ratio trader to enter.
Target to...
BKG (BERKELEY GROUP HOLDINGS) has recently bounced from 50 EMA twice and is now looking set to reach a target 1 of 3955. Target 2 is 4240. Stoploss levels are 3750 and 3670. Exit the half the stock if it falls below 3750. Exit full if it falls below 3670.
Havells has broken out of an old upward facing trendline. Price went down further a little and later on came for a retest of the same trendline. Now the price seems to have completed the retest and is planning to go down further.
> This trade offers a good Reward to Risk ratio. about 3/4:1.
> Although we don't have a defined target for this trade, but first...
Break Out.
Break Out Above EMA.
Break Out With Volume.
Fibonacci.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Hi Swing/Long Trader,
Dabur Good Candidate for Swing/Long Trade with strong Point or observation in chart as follows
Flag Pattern Formation.
Consolidation for 2 week above 200 DMA .
200 DMA act as strong support.
RSI bounce back from 60 Level mean Bullish momentum to continue.
CCI Indicator moved above zero mark & making higher high mean Bullish Momentum...
Multiple Break Out.
Trend Line Break Out With Volume.
Moved Above EMA.
Fibonacci.
Support Zone.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI registered Financial Advisor.
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