RISING FROM SUPPORT PAGE INS: BUY ON DIPS / CMP 19166 TGT: 20207-20650-2100
Stock is current at strong support and trading within an ascending triangle. Two ideas: 1) Go Long for short term swing trade Entry ~ 18.9k SL ~ 17.7k Target ~ 21.1k 2) Can be accumulated from a long term view
RESISTANCE: 21041.65 - 22400 -22500 SUPPORT: 18020-16187
Page ind has given Trendline BO on daily TF. For Swing Buy on any dips (20200) WSL 20000 for target 20950, 22350
Expecting to touch 17500 and take a reversal or continue the correction till 16500 levels. Fingers crossed. No positions. Just educational view.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
LOGIC 1) CRUDE PRICES ARE LOW 2) FLAG PATTERN IN A TRIANGLE PATTERN 3) GOOD RISK TO REWARD RATIO
Info on chart. Wait for candle to close before entering.
Stock is currently trading at demand zone in monthly chart. Enter for long term
LOGIC 1) INVERSE HEAD N SHOULDER FORMATION 2) HAMMER FORMATION AT THE 200 MOVING AVERAGE
THIS IS INVERTED HEAD N SHOULDER AND CUP AND HANDLE PATTERN...FOR HOLDING PERIOD OF 2 TO 2.5 MONTH IT IS A BUY
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 4 to 8 times.
Page Industries had declined sharply since April until August where the stock managed to enter into a consolidation and in the interim created a nice rounding pattern that eventually lead it to a breakout above its value resistance zone around 21000. These zones also happen to be a gap area that has managed to halt the prices after its strong breakout seen in end...
Stock is trading below critical round number of 20000. 61.8% FIB level coincides at that price. Weekly close should be closely monitored. If stock happens to close above 20000 on weekly basis, it would give some hope for the Bulls. On the other hand if the stock closes below 20000 it could potentially trigger another round of selling. Visually, one can observe...
Keep eye on level of 18000-17500 which is likely to hit. Reversal is only on close above 23500. Wait for reversal signal on RSI. 17200-17500 should provide major support for short bounce.
This stock has taken a knock recently. The price action comes across as a nice set of Wyckoff redistribution. The first target was achieved and the second one is pending. This link has the point and figure horizontal count target. d.pr