Let's talk about Patience !!This stock on the chart just looks flawless but in reality, it is a stock that will test your patience to at least get 50% returns. Price action wise it shows a very promising setup, in 2021 coming out of a 10 year consolidation and again consolidating for over 3.5 years. It has 50 MA support on monthly and currently looks good for a good returns.
CMP: 9.50
Target 1: 15
Target 2: 20+
Time frame: 0-2 years
Disclaimer: Trade at your own risk
Patiencepays
SHORT COVERING CANDIDATESuntv Fut broke above multiple resistance zones as well as ascending triangle pattern on an hourly charts with huge decrease in OI suggesting short covering rally.
Could be bought with mentioned stoploss & target.
IPCALAB FUTURESIpcalab futures is trading near its resistance zone of 1620-1625 with decreses in OI suggesting huge short covering.
Risk:Reward = 1:3
Could be bought with mentioned stoploss & target.
LT continues its consolidation phase within the symmetrical triaAs LT continues its consolidation phase within the symmetrical triangle formation, traders should closely monitor the price action around the key levels of resistance at 3700 and support at 3500. A breakout above 3700 could signal a bullish trend, potentially leading to higher targets, while a breakdown below 3500 might indicate further downside risk. Keeping an eye on volume and momentum indicators as the price approaches these boundaries can provide additional insights into the potential direction and strength of the move.