A Symmetrical triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT........... Note: Avoid the stock if a big gap up or gap down is seen Enter after the breakout happens and not before it Do not chase the market, i.e., do not get involved in late entries Only enter with strict stop-loss and target This is not a...
pel in options 1340 ce long and 1400 ce short could be a good trade
In a downward sloping channel. at 1550 , a very strong resistance. Last 3 months trading in a very constricted band of 1350 - 1550. Be careful if it trades below 1300. One hand loses another hand gains. ;)
We could find a good buying opprtunity around 1280/90 levels, trade execution should be done only after confirmation. Target 1355/1377/1399 Regards
SELL BELOW 1297 ( 1297 CRUCIAL LEVEL) TARGET 1256 STOPLOSS CLOSE ABOVE 1221 (15 MINS)
PEL is a fundamentally weak stock with alarming PE of 380. It has been observed from the technical chart that the price action is forming lower highs with bearish candlestick patterns, indicating bears hold on every rise. Today, we have observed a bearish gravestone doji pattern after last day bullish candles, indicating the return of bears that may now take...
SELL PEL below 1310 TGT 1307-1304-1300 SL 1319
Immediate support placed at 1305 can break, giving a possible move downwards. If further move after round level of 1300 is seen, The trade is expected to make the 1300 level resistance in the coming sessions. This is expected to be a short term correction as the stock has broken the descending channel in the higher time frame. Sell below 1305 Targets cannot be...
Let it touch the upper trendline and observe price action at D point
Getting rejected at resistance. Enter once it breaks the resistance.
Barish Gartley observed in PEL. Also levels near daily resistance zone. Wait for a strong terminal candle before entering. I'll be entering (if there is confirmation candle) with a combination of put options as IV is high. Views only for educational purposes. Do your risk assessment before entering financial positions.