The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here.
Disclaimer : All ideas are my personnel view. Please take financial...
The stock has nicely formed Inverse Head & Shoulder Reversalpattern and trading above Neckline. This simple classical pattern does not require any explanation to trade. I have found and posting here to trade and make profit from it.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
TCS faced Resistance at Higher level (see chart) & Indicator also turn negative as well.
Bearish view due to below point:
1) TCS faced Resistance at Higher level 2260-2290. Got 3 times reverse from there.
2) TCS will major support at 2030 -2050 price range for good risk reward trade.
3) Big Bearish Engulfing candle form at daily chart .
Hi Swing /Long Trader,
BajFinance looking good for Long above breakout from Down trend channel for Target of Rs 3745.
BajFinance Preparing to Move outside Down Trend channel .
RSI & MACD indicate Bullish momentum as per chart.
Stock is consolidating near 200 SMA for past few days.
At Rs 2885 Stock is at important support of combination of 200 DMA &...
Hi Swing/Long Trader,
Dabur Good Candidate for Swing/Long Trade with strong Point or observation in chart as follows
Flag Pattern Formation.
Consolidation for 2 week above 200 DMA .
200 DMA act as strong support.
RSI bounce back from 60 Level mean Bullish momentum to continue.
CCI Indicator moved above zero mark & making higher high mean Bullish Momentum...
HCLTECH is at its strong support and is exhibiting RSI Bullish Divergence. 1000 PE has highest OI. If it can close above nearest resistance like 20 SMA or Trendline resistance, further bullishness can be seen
Nifty is reaching its major support. From this support it can bounce and can become bullish. Below this support there can be huge sell off. So, go long once it closes with green candle on Daily basis in few days with good stop loss.
Reliance Buy At CMP 1250-1255 Stoploss is 1190 Target is 1337-1420
Reasons For Trade- 1. Reliance is Near to importnant trendline support as well as Horizontal Support 2. 200 Days EMA support is Near to 1200 on daily chart 3. Risk Reward is 1:5