INDOCO:- Trendline breakout with good volume. good for short term. keep on eye
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Very good trend reversal candle on 19th Sep.
beautiful daily trend breakout.
any pullback to be bought into.
important trend lines marked.
Crucial Level marked.
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As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern.
As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target.
But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
Aarti Industries - LONG Swing Trade Analysis
1. On the daily timeframe it has already done the breakout, for weekly almost it breaks the current downtrend.
2. upcoming week there may be some retracement based on the pharma sector.
3. Something is cooking on the Nifty Pharma, Hope after Nifty auto, Bank... pharma will start its rally from next week.
4. If Nifty...
Auropharm has formed a beautiful cup with handle and has given a breakout on above average volume.
Giving a valid shakedown by the handle as the volume dries up and a sudden break of th 50EMA and handle top shows bullish pressure for a long trade.
Target 1 being the 200EMA and T2 at 692 at the highs.
Stop loss near the minor swing low
Keep It Simple
Swing trade set up
Buy Active for the target of 772 / 785 / 806 / 829 / 865. reaccumulate at 708. with 666 on day closing basis.
Short term and Long term Set Up
best buying area is at 550 to 504.
one can start accumulating from 629 / 575 /550.
for higher target of 670 / 785 / 872 / 900 / 972 / 1114 / 1200.
Stop loss will be weekly closing below 500.
Auro pharma looking week in this current market tomorrow upside rally have formed a double top pattern if in INTRADAY opens flat can be shorted with yesterday high above sl and a big target in downside
Taking support at major up trendline.
A double bottom pattern is been forming in DR REDDY LABS, And at the Neckline zone, there is downtrend resistance 4480.
If the daily candle closes above 4480, enter at the high of the candle.
T- 2550 2750 2900
Stock has hit daily PRZ at yesterday 2165. Lower wick can be seen, indicating some kind of short covering. Above 2400 the reversal trade will be confirmed. Higher chances to touch 2900 above 2400. If today's low is not breached then we will trail sl after 1-2 day's of up-move.
📈 IPCA Lab 📉
IPCA Lab broke out from a downtrending trendline zone after testing three times. Yes it has closed at high of Fab and March too.
So I am biased on long side.
On Buy Side I am looking for initial Targets of 1100, 1139, 1211 and 1318.
StopLoss should be kept at 965.
It offers 1 : 2.5 Risk Reward.
All Important Supports and Resistances are drawn in...