Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5. Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels. Notice MACD Negative Divergence price making higher high and MACD higher lows. DISCLAIMER:There is no guarantee of profits nor exceptions from...
Jb Chemicals & Pharmaceuticals Limited trading inside a channel pattern. Also there is Bullish MACD crossover today
Though it’s revenue is not that great in ads. Still looks good technically and tomorrow/ day after tomorrow expecting good move
FSL | Trendline support inside the Channel - Looks good for 12% CMP : 203 SL : 193 Target : 225, 235 1:2+ risk reward setup
KTKBANK | RSI + Channel breakout, looks good for big target. Consider it like investment entry, personally it was a tough stock for me to trade in smaller times. CMP : 77 Short term SL : 60
BBL is into parallel channel one from 15 yrs and second 11 year. this month closing will give confirmation for up move
Nifty In my last couple of posts, it was suggested that Nifty could be heading lower sub 18000 towards Line of Support region. Profit booking in short position was duly recommended when that level came. Now we see Nifty rising back again... Going forward, Nifty has a possibility of moving towards channel top region. Any rejection near channel top region can...
BankNifty levels for 9th Nov, 2021 ..........................
Go Long above 2219.2 for Targets of 2311.7, and 2404.3 with SL 2126.65 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is...
Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5. Hind Petrol Futures can hit the following targets before Oct end. Target 1: 352 Target 2: 389 Target 3: 400 Where can we enter? The following rules can help you get the perfect entry. A. Upper band of the parallel channel at 290 . B. High of 3rd wave at 312 . ...
Motherson Sumi has been following channel formation from last six years with its major support at 93 & Resistance at 256. But from last 8 months it has shortened its channel and moving between 199 to 256. It is consolidating since last 8 months. Just wait & watch for big move.
Dr Reddy Labs is moving in channel formation with its support on 4380 & resistance on 5500. It is looking good/safe for swing trading.
Accumulate on dips during the next 4 -5 sessions near the buy Zone.. S/L : 1950 Target :: Use FIB levels / Channel Top Reasons for increased probability:: ---------------------------------------- -- Good buying pressure (Demand candles) seen below 2150 levels with decent volumes. -- Momentum drop has paused in RSI,, hoping it will pickup /** Caution : Pharma...
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HINDPETRO | Getting ready for another 40-45% move CMP : 345 (Dip : 330) SL : 290 Target : 445, 490 Almost 1:4 risk reward setup for 1st target. Take a look at our previous trades in HINDPETRO (Link attached in related idea's)
Clear Structure & Attractive Price Action. Channel Pattern Breakout generally leads to protracted move & same I expect here also.
Targets and SL mentioned in the chart. Entry above Black SL Red Targets Green In case sustains above 1st target then will ride for 2nd target