Pennant
Wipro - 60Min - More Selling Opportunity in WiproWipro has been in a downward spiral for the last couple of weeks. The stock has formed a pennant formation on the 60min chart with the price approaching the 3rd touch of the pattern which indicates pattern completion. Sellers should observe the zone marked on the chart and look to initiate short positions if we see any pinbar or engulfing candle in this area. Traders should enter only after the close of the reversal candle.
Selling zone - 255 - 257.50
Stoploss - 258.20
Target 1 - 249.65
Target 2 - 245.35
Target 3 - 241.95
Disclaimer
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital which you are prepared to lose.
#IDFC ready for buy? @in_tradingviewNSE:IDFC
IDFC Positional Buy
RSI making higher highs
Price supporting At 31.5
Breakout above 35.6
T 38, 40, 42, 48
Sl - 29.4
BANK OF BARODA - 60MIN - Bearish Pennant formation Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 - 97.65
I will edit the levels if the pennant formation changes.
DISCLAIMER
This content is for information and educational purposes only and should not be considered as a piece of investment advice or an investment recommendation. We hold no financial liability to any user on account of the use of information provided on this website. Only risk capital which you are prepared to lose.
Gold, Eyeing toward 1520-1550 RangeHi Guys,
Gold Gave a beautiful bull Pennant breakout a few days back and Currently in the consolidation mode. Theoretically, it should repeat the similar move(which it gave from 1275-1425) after this consolidation which will probably lead it toward 1520-1550 range.