Support and Resistance: Traders could open a long position when a stock's price reaches the ascending channel’s lower trend line and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trend line to prevent losses if the security’s price abruptly reverses and also vice versa .
In today's session CONCOR shown potential breakout of its supply zone. After the breakout, it's corrected and sustain above its supply zone which is acting as support after the breakout. In the last 15 minute session seen again buying interest in this stock so possible, we will get 437+ target in tomorrow session.
Buy CONCOR Above 418
PETRONET | Flag formation , looks good for 24%
CMP : 256 (Dip till 250 as we have recent Flag support)
SL : 245
Target : 280, 315
1:3 risk reward setup for first target
(Attached weekly chart in comment section for the second target view)
NSE:TATAPOWER Safe players can enter the trade on retracement with strict SL.....
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3. Learn before executing the trade..
4. To learn more about patterns and trading... contact us.. Thanks..
Bajaj auto showing parallels channel breakout at 3160 and after breakout its retraced and continue its bullish rally towards the 3485+ target.
Buy BAJAJAUTO Above 3242
Stop-loss - 3160
CASTROLIND | Nice channel breakout , 30% potential for second target.
CMP : 123
SL : 119
Target : 132, 158
1:2 risk reward setup for first target (8%) . But it has all the potential to goto second target, just need patience for that. Similar to our previous POLYCAB chart.
TECHM | One more flag pattern from Mahindra group 🙂 Flag consolidation is not so strong and monthly time frame shows a resistance. Hopefully we will get some time for accumulation before the breakout.
(Attached monthly pattern chart in comment section)
CMP : 876 (Any dip till 820 is a great buying opportunity)
SL : 810
Target : 950
India's Elon Musk and...
Swing Trading opportunity ! Weekly Chart Alert !
Enter on lower time frame after breakout 🎯
Lot Size =300
Target = 2878
Stop-loss = 2576
1) Descending Triangle and Range trading can be done
2) Parallel channel Formation
3) Support zone is 2249-2299
Guys check out the related ideas as well, it will work really well guaranteed !
FOLLOW for more !
LIKE if think...
Today's high 228 which is not far from Thursday sellers .
The 235.2 (fib. ratio - 78.6%) nearby stops to moving price upward.
The upper band of the channel's hurdle at 231 which can push the price for " Gravitation Line ".
The "6" point of Gravitation area is 204 to 206 in range.