Although its slow mover but this week it has closed @ previous swing high with good volume and its ready to fire. It may touch 217 in coming weeks.
Strong Bullish movement after earnings. Then, selling emerged from 52 week high which was expected. This was a previous Pivot high. Then retraced back to previous resistance turned support level confirming the Breakout sustainability. Since then consolidating and now again testing the most important reassurance for second time. Come let's break it down together.
LTTS - Strong on all time frame. RSI also supporting except on hourly. If it opens between 2815-2820, goes to 2830, then buy 2800 CE Jun. Spot target 2860 immediate.
Bata India has given strong upside move today post the earnings. Largest ever green candle on daily time frame. Saw some selling pressure from days high. Strong contender of re-open theme. Near term move to 1700, retest 1650, then move to targets of 2000-2100.
Closing above 1450 will give good upmove upto 1700 ...keep watch on it..
First step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Nifty 50 : Trend is Up- Buy on dip ( see video for details ) Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Please lemme know when we can enter this, Thanks
Positives: Fractal BO very near | 20 EMA cross 50 EMA | Fibonacci Resistance BO | Volume BO Negatives: Descending CPR, But still looks like the CPR has a reversal Please share your views
JSPL is consolidating and trading in a range, BO is expected for target of 430-449 in near term.
ASIANPAINT | Taking trendline support - Expecting a bounce CMP : 2480 SL : 2300 Target keep it open for few months. Can see a good rally as long as it stays above the long time trendline. Minimum should hold atleast for 1:3 risk reward (3020)
USD INR form inverse H&S pattern it may test 73.40 and 74.10 soon
- After a long fall ITC moves to fill the gap , if moves down wait for retest - Use pivot for small target - Target marked in chart
Ascending CPR for 2 months Fractal Break out @ 1008.75 Swing Trade
I took this for swing as it gave trend line breakout and was also able to break previous week's candle high but it wasn't able to sustain. What do you guys think , is it still a candidate for swing?
BHARATFORG | Yet another breakout for 20% CMP : 639 SL : 615 Target : 695, 785 Kind of flag setup in weekly time frame
CMP: 226, T231, SL:222 Study: Price is retesting previous breakout levels and also is resting on daily trend line.