SunPharma Stock Good Trade Setup For 12-02-2021SunPharma Breakout Trade For 12-02-2021
S/R Breakout On 15 Min Chart
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TATASTEEL, The following points are confirmation for U-Turn.The following points are confirmation for U-Turn .
The volume will decrease if stock wants to change the direction OR, Volume will be average vol.
We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-tren d, but time-Cycle(iii) is the negatives in time. The previous support can be convert into current resistance 490 nearby .
From footprint of the daily chart will give very clear picture of this stock.
Long in MCDOWELLMCDOWELL had just broken out and closed above the resistance trendline in daily timeframe. One can use this opportunity and go long by opening or wait for a retest and reversal around 625 ranges in hourly timeframe. Target for this breakout shall be 665 to 670 ranges and SL to be maintained is 614 ranges.
BPCL with a CUP & HANDLE FORMATION?SWING TRADE OPPORTUNITY IN BPCL
As you can see in the image above that BPCL has broken out of a CUP & HANDLE formation and has come to level which is very favourable level to go long.
A Cup & Handle formation usually comes with its own Targets, which is, the price difference between the neckline of the cup to the lower circumference of the cup. As shown in the image above.
To be on the safe side of the trade, we have taken the Inner Circumference into consideration and not the Outer Circumference for the Price Range , so that we are able to gauge the targets better.
The First Target for this trade is around 450 price levels , the Second Target is around 465 price levels . We can maintain a strict trailing Stop Loss with it starting at 380 . if the trade is succesfull and reaches its 1st Target we get a favoyrable Risk:Reward ratio of 1:3 .
Happy Trading & Investing, let me know if you liked the analysis and please give your feedback to help me publish ideas better.
Housing DFC 30Dec2020 Target and direction mentioned in stock .
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@Note : For practice purpose only , refer to your stock broker before implementing
Reliance Target for 28 - 29 Dec 2020Target and direction mentioned in stock .
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BAJAJFINSV BAJAJFINSV in a small range.
Fibonacci--> BUY signal on Daily Chart
Support & Resistance --> wait for breakout(either upside or downside)
UPL Long OpportunityUPL Long Opportunity -
UPL recently crossed its resistance and it's coming back to test the same level again. once there is a bounce from here we can see a 6% move from this level.
Try to enter as closer to the lower range to get a better RR ratio. THE current RR is 1:3.6
TCS buy opportunity TCS has shown a strong support at 2600 and is going in a strong uptrend with a sideways support. Buy for a target of 2830
Nifty Important LevelsNifty is making raising wedge pattern. Breakout of this candle can be traded with small 20-30 SL for 1:3 - 1:5 targets.
Bearish Butterfly BIOCON, Get ready for the ride down!!!!!!!!!!!Perfect butterfly with 1st target at 360 and second at 300, good luck
SBI in a flat correction - Elliott Wave TheoryI have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave.
There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level of 61.8% , C will be at/nearby 195 . These levels are target prices for the day traders.
Centurytex: Looking good if gives breakout.! Picked for PositionCenturytex: Looking good if gives breakout.! Picked for Positional
TATASTEELPPBearish hammer formed.
History suggest a strong resistance at this level.
This might move down from current price.
Let me know your thoughts on my basic analysis.
