Fundamentally good stock.
don't be aggressive to enter.
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entry: 300
target: 325 / 375/ 395 / 410
stoploss: 280 / 250
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right time for Long term INVESTING.
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" better wait for this weekly candle to close above 300 "
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yellow boxes mentioned above are major levels.
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Refer old ideas.
reset chart for better view.
Banknifty. (Only for Experienced traders" )
Enter after " Breakout and Retracement ".
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Follow for regular updates 👍
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For " long "
entry: 44520 / 44575
target: 45030 - 45250 - 45760
stoploss: 44410
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For " Short"
entry: 44250
target: 44030
stoploss: 44320
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Enter only if market Breaks
"Yellow box" mentioned.
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Wait for...
Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
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Wait for small retracement & daily candle to close above - " 1805 ".
Trade carefully untill ENTRY level.
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Entry: 1805
target: 1855 - 1950
sl: 1770 -1760
major stoploss/ support: 1758
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Enter only if market Breaks
"Yellow box" mentioned.
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Don't...
NIFTY is currently getting rejected from the level that formed due to a confluence of 0.382 level of Fib and the center of the parallel channel.
It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
parallel channel in progress. however this is overbought. retracement towards 600 would be good for fresh entry. Moving forwards as well it may remain slow of a year may be
parallel channel break out is done however the rest of BO has not happened yet
look for the oppurtunity of retracement for best buy near BO 90
and it may try to test 190 level
got too much overbought in May 2021 and since then it's trying to cool down and consoildate
Until parallel channel is not breached. avoid entry
consolidation period may continue for next few months
since late 2018 it started parallel channel and smoothly slowly deligently following the parallel channel
recent consolidation was berakout from the triangle consolidation.
NSE:ABCAPITAL formed hammer on support zone and on lower level of parallel channel and gave closing above the hammer candle on Daily TimeFrame.
Entry : 184.55
Target : 192.5/193.6
SL : 175.5
RR : 0.88/1
NIFTYMIDSML400 has formed parallel and what we saw recently was just the trailer.
we still have big bull waiting for us. 12300-12000 may be good warning if this pattern could fail.
It may still take 3 year for index to reach upper edge of the parallel channel
