Breakout of IHS pattern as well as rising channel on weekly chart. Should head towards its all time high of 974. RSI on weekly chart is about 70, indicating strong momentum. Disclaimer : for education purpose only
Buy near the Support Zone (Green Box) with Initial S/L 75 Add more on price sustaining / retracing near 89-92 levels in 4HR+ timeframe. Trail S/L using SuperTrend Indicator. Note :: Small Cap Stock,,, prefer allocating <5% of your capital. As always, re-read Risk Management and consult a financial advisor.
GREENPLY | Looks good in daily time frame too - 15% RSI Breakout Trendline Breakout Channel Breakout CMP : 195 (Dip : 190) SL : 180 Target : 220 1:3+ risk reward setup
the stock is clearly obeys the channel.. in 45min..buy now.. for an upward momentum to top of the channel.. or even a breakout
If nifty breaks the upper band of the parallel channel, our following targets will be. 18164 18241 Nifty can remain in a parallel channel (PC) before further advance. That can be up to support line of PC (B) or control price.
Bank Nifty has completed the corrective wave (4) at 31208. After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott's wave theory, 5th wave can become an ending diagonal. I will update the intraday chart of the bank nifty soon. Stay connected.
Intraday & Short-term outlook of Nifty 50: Nifty has completed motive wave (iii) at 17792 . Wave (iv) is forming and, it can have a common retracement of 38.2% . The nifty trader can see the following targets: Target 1: 17425 Target 2: 17270 Target 3: 17169 According to the rule of corrective wave, it remains under the channel. And the impulsive wave...
Is Yes Bank Making A New Low? The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days. But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range....
Go Long above 1489.3 for a Target of 1558.55 with SL 1420.05 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 0.382 Fibonacci level. 2. A bullish candlestick pattern, Bullish Hammer (marked with an orange circle) is formed at...
Go Long above 1128.4 for Targets of 1195.8, 1263.2, and 1330.6 with SL 1061 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 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
Go Long above 302.1 for Targets of 323.2, 344.3, and 365.4 with SL 281 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 0.618 Fibonacci level. 2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618...
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Nifty after going continuously up taking breather. Currently in triple zig-zag correction of which XX wave in progress which is expected to be flat till 17915-70 levels. The last correction wave is suppose to end near 17180 if we consider nifty starts drop from 17915. Z wave targets will change based on where flat ABC (or XX) end. Off course bounce is expected...
Nifty after consolidating for 33 days gave a decisive breakout above 15900-15950 levels from where we have seen a decent trending move. During this entire rise nifty has respected channel line shown in the charts on manier occassion there by providing us future potential reversal points. Today it seems like nifty finally decided to change it's direction of...
Good risk reward Ratio. Buy Above 52 Target : 59 Stoploss : 48
Nifty trend reversal - All the findings are marked on charts . Kindly check the points mentioned .
MCDOWELL :: LONG buildup (FIB Retracement ) ------------------------------------------------------ --- Buy range 835 - 850 (if price sustains/ retraces to these levels). -- S/L 805 -- Use Fib Level or Channel top as Targets Reasons for increased probability:: ---------------------------------------------- -- recent Demand Candles -- Text book respect...