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We applied parallel line and 20 moving average on weekly basis. Currently brent crude is trading at USD 97.31 which is upper range of parallel line and just above 20 moving average on weekly basis. If, brent crude could cross USD 100 psychological level on daily closing basis, we could se a good rally up to USD 115.
As per my opinion, in order to go long; brent...
Cup & Handle Formation signs:
1. Volume dry-ups near the lows of the price pattern.
2. Big volume spike on reversal of price pattern.
3. Volume dry-up on the price pull-backs.
4. Improving Relative strength.
5. Tight areas in price pattern under accumulation.
6. Trading above 200 MA
How to trade it?
1. Watch out for Volume percent change on pivot breakout.
2. The...
Ganesh Benzoplast is ready for zone breakout. If we narrow down the time frame, we can observe price is constantly taking support at 50MA which is healthy price action.
Breakout will be confirmed if the price closes above 142.
Trade set-up
1) Enter trade only if price closes above 142 in daily time frame.
2) Possible targets for the trade153,170,187.
3) Stop...
Similar to Nifty view and trading strategy, BHEL can be looked at from Moving Average angle.
- stock is trading above 20 day EMA and
- today has managed to closed above it's 50 day EMA
Based on Moving Average play, Short term target potential: test of 200 day EMA (around 54.8 to 55.05)
Closing above that could open doors for further up movement towards...
Accumulation phase has started. Institutional investors have started to buy the dip.
Professional selling range:1708-1920
Buying range: 1590-1640
Hold Period 3-6 months.
Target: 1866(Fibonacci Retracement)
Rational: Accumulation/Distribution Technique, Price below 50 Day Exponential Moving Average
NSE:INFY
The stock seems to be flashing 3 sell signals:
-> A topping pattern
-> Break below 200 DMA
-> Break of trendline from 2020 lows
Typical target based on this pattern would be around 12350, which also seems to be very close to the important wave 4 price extreme around 12130
#Techm Long (5 Apr)
Breakout & retest at 100 day EMA
Buy at CMP-1510
SL- 1455
Target- 1618, 1665
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Charts and views are only for educational purpose.
#BREAKOUTSTOCKS #nse #StocksToBuy #Nifty
The stock is in uptrend. Due to market conditions, stock is was in retracement and has retraced to 50 DEMA. Now the stock looks like taking support at these levels.
MOMENTUM TRADE IN UJJIVAN FUT
APRIL FUT
BUY@324
STOP@314
TARGET@334 ST
TARGET@344 LT
LOT:1600
QTY:3
NEGATIVE DIVERGENCE SEEN
TRADE WITH STRICT STOP
GOLDEN CROSSOVER SEEN (50-DMA C/O 200-DMA)
