TREND ANALYSIS & TRADE SETUP
HEAD AND SHOULDER PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 7-8 Times
I don't need to write more about this stock technically because I already have taught for this Top reversal head and should pattern :
As per the downward channel, we can create a trade setup :
Risky Investors can buy at Rs. 47 first entry...
RAMCO CEM is in uptrend. The stock had hit levels of 664 earlier and had bounced back. But has been range bound.
The stock and market both have shifted to uptrend so look at a buy opportunity at 641 and sell at around 710 in 7-9 days.
Stop loss at 610
Note - Do your market research carefully, and trade well. This is NOT an investment or trading advice.
BANK NIFTY Trading is always in high volumes.
Its very important to understand the entry and exit levels for same.
Candle Sticks and candle patterns give us a good view of the future trends and thats how I derive data.
Upper Range 20550
Lower Range 19750
Lets talk about more ideas.
Follow up trade as published on 04 May 20. Time to tighten stops
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Dhiraj Singh Bais
Warrior @ Battle field
It will not be strange if SBIN can reach the strong support as mentioned if stimulus package is not announced by the government.
We can see that it has reached around Rs.145 range multiple times in the past (Aug 2013,Sep 2013,Feb 2014,Feb 2016).
The past is going to be repeated if a strong stimulus package is not going to be announced by the government.