Nakedtrading
ADANI PORTS weekly chart analysis Price has come back in the parallel channel. There are five" No Trading Zones". Price has twelve touches on the Gravitation line, five touches on the upper band, and six touches on the lower band. There is the line of the power where the price has five major reversals. Also, bullish volume is increasing on the chart. Price has made an excess on the chart, and we can see throw over on the parallel channel. As per the excess, we can ensure that price extreme can make excess on the upper band of the parallel channel, Or price will touch the upper band and reverse itself. The upper band indicates high selling points and the lower band indicates high buying points.
BALKRISIND POSITIONAL VIEW BASIS PRICE ACTIONNSE:BALKRISIND
Fake Out followed by Huge selling seen on 9 Feb
The resistance zone is shifting lower indicating higher presence of sellers
The Trendline is the first line of defence followed by the last support in the range of 1509-1529
TWO Possible trading setup's basis the trading style
A]Breakdown or breakdown and retest of support turned resistance (1509-1529) would trigger SELL
B] Breakdown of Trendline and/or Retest of Trendline
Stop Loss would be above 1653
Targets as indicated in Charts
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Buy and hold Coal India with SL of 128.15After high volume green candle at support. The stock is consolidating at support. Volume exhaustion also seen. As you have lower stop loss of 128 on weekly closing basis, keep accumulating. Hold with targets of 136 142 150. Book partial at these levels. on daily time frame stock will get momentum above 131 132 close
I am not a sebi registered advisor and risk doesn't belong to me. Trade as per your risk appetite. This is for educational purposes only