In this chart you can see that how fond is Infosys of the given range 1020-1040.
I have marked with rectangles on what happened. You can observe that it is a decisive range and price has always ( except for 1 consolidation ) followed the breakout direction in the following days.
The intensity of this range can also be felt by the multiple gaps and...
The stock fell a lot and now has been in an upward move, as seen by the trendline.
The previous day it showed great strength on the trendline base.
The blue line is an important daily level ( see chart below )
which it crossed today.
If it sustains above 790, it could see levels of 830-850 in coming days.
The stock has shown a classic double top pattern and a trendline break.
Previously there's a huge buying interest being shown in the stock, so be careful before shorting it straightaway, might prove to be a pullback.
I have drawn blue lines which are important levels according to me.
See how price reacts on reaching those levels and build positions...
The stock has been in an upward channel .
And now it's re-attempting to push higher than earlier high of 774 and move towards levels which it achieved before 2008, that is above 800.
Buying interest has been good.
But be careful, the stock has already moved a lot on the upside, and might not immediately cross the earlier level; but when it does, a big...
The stock is at crucial level.
See the yellow lines , which show what happened when the price came to this level previously.
The last time it happened, it failed to hold up.
But then it formed a base and now,
If buying continues to happen, very good chances of,
staying above the white line and futher, also above the rectangle.
CMP - 3348
You can see huge buying interest above the black support line.
This has a nice probability of going upwards now.
Will exit below black and re-enter if signs of strength re-emerge.
The stock is in very good uptrend.
Was the biggest contributor in post-election rally. '
Buy according to strategy.
For eg. Aggresive might buy with break of white line as SL and target previous swing high of 293.
Defensive might wait for it to come to the trendline and then buy for medium term.
And so on...
Yellow trendline to aid.
Definitely, a stock to...
Attention please ...
tomorrow is budget day and lot of movement is expected.
You'll get a lot of calls/ideas saying this will happen, that will happen, go long, go short, etc.
But, as professional traders, we know that predicting is not our job, our job is to make money.
Believe me, whoever tells you that he knows what all will be announced in budget and how...
ITC results came out on Friday.
I'd go short on ITC for 3 reasons :
1. Risk Reward is much better.
2. If the news couldn't make the stock go higher intraday, makes it more probable to go down further.
And also I have drawn my lines to illustrate levels which are significant according to me.
as for now, I'd go short...
Sorry, I didn't post this chart earlier, and you missed the breakout from consolidation area.
Now you can look for breakout from daily trendline, targeting next resistance.
Great risk reward ratio, as we exit below the trendline.
CMP - 1329
Target - 1410
Enter = Low of candle above trendline
SL = High of candle below trendline.
Follow or star...