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Multiple Time Frame Analysis

Go long FSLFSL is fundamentally a good company and has its operations across the globe. Since it’s launch stock has given more than 37% return YTD. After making lifetime high, stock has fallen more than 60%. It has formed a rounding bottom on weekly chart and closed above the neckline with good volume and tested the same level. On daily chart, stock has done positive price action and showing strength for upside. In last trading day, stock has given breakout on lower timeframe with good volume and ready to begin its upward journey. One can buy this script in swing or position as per their risk management. Stop loss will be 120 that can be immediately moved to 135 once price confirmed the brakout of lowe timeframe in higher timeframe. Targets are mentioned in the chart. Happy trading :)
NSE:FSLLong
by ProPriceActionTrading
Railway stock at pre-breakout levelIRFC has recently moved to all time high and now has formed a symmetric triangle pattern. As per the price action on daily and weekly chart, currently it is trading at pre-breakout level and today closed with good volume. Aggressive traders can initiate long position at CMP and safe trader can take entry once daily candle closed above the entry line. In short term, it can move upto 38-40 rupees and also looking good for positional trade. Stop loss will be below the swing which is around 31. Happy trading :)
NSE:IRFCLong
by ProPriceActionTrading
11
Best time to buy BestAgroBestAgro has formed rounding bottom in weekly chart and closed above weekly supply. Last week it has tested the same level and formed hammer on weekly chart. On daily chart, rise in volume is observed along with rise in price which is again a bullish signal. Also, a cup and handle pattern is observed in daily chart. Though I don't trade chart patterns, it is another point adding some value to overall analysis. In summary, BestAgro is looking good for swing and positional trading. Agressive traders can buy it at CMP and safe trader can buy above the safe entry line when weekly candle close above it. SL will be below 1000. Happy trading :)
NSE:BESTAGROLong
by ProPriceActionTrading
Apollo Hospitals very bullishApollo hospitals stock is looking very bullish in weekly and daily timeframe. It as per the price action, stock is looking very positive for swing and long term holding. After consolidation, it has given healthy closing on the daily timeframe with good volume. One can buy it for swing trading with targets mentioned on the chart. SL will be seing low. As per its bullishness, we can expect swing targets in 2-4 weeks. For long term holding, expected targets are 7200 and 8200 in few months. Follow the trendline if want to add more quantity when correction happens. Don’t forget to follow your risk management. Happy trading :)
NSE:APOLLOHOSPLong
by ProPriceActionTrading
Buy and relax with RelaxoRelaxo Footwears is a well known brand in the manufacture and marketing of footwear and related products. It operates through the Foot ware and Related Products segment. Since its launch, this stock has given massive 6592% return in 12 years and has potential to grow more. After making lifetime high, stock has corrected more than 50% and has changed it’s trend from negative to positive in weekly chart. Also, ot has given healthy breakout of the higher timeframe trendline. On daily chart, it is trading in a channel and currently it is at the lower part of channel. It has tested its immediate supply of 952 and closed near the same level with positive momentum. In coming days, we can expect a breakout and immediate target will be 980. One can buy it in swing for the targets of 980,1000. Stop loss will be 910. Agressive buyers can buy at CMP amd safe traders can buy once proce sustain above the neckline. After sustain, SL can be moved to moved to 930. Follow your risk management. Happy trading :)
NSE:RELAXOLong
by ProPriceActionTrading