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Positional

Trade Idea on SRF with Bird Eye View and Notes Following is the bird-eye view of SRF point-wise: 1 and 2) I see two patterns here on a Weekly time frame; 1 is a parallel channel, and 2 is a symmetrical triangle ( Note: Both can be bullish or bearish patterns depending on their previous more significant wave, here it was bullish ) ( Note 2: Currently sitting at the support of bottom parallel channel making a W pattern and sitting at bottom support of symmetrical pattern too ) 3) It's a Fibonacci extension, made for the consolidation zone - High and Low, For Futures higher Targets. 4) Steep CT: It's a steep counter-trendline breakout, giving us the probability of future upside potential 5 is the probable weekly time frame SL and 6a is probable Weekly time frame basis and pattern top basis Target 1, 6b and 6c are fibo ext target as taken from point 3
NSE:SRFLong
by Averoy_Apoorv_Analysis
Trade Idea on Ambuja Cement with Price action notes In the above chart, the price action goes like this. 1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone 2) Its fibo retracement - Used from a swing low to swing High 3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame retest 4) It's called a trendline, made from a swing low point to another swing low, extended forward, giving a demand zone 5) Its called a Confluence zone, Candlestick pattern is bullish pressure, lower wick multiple rejection on W time frame and cluster of many other demand areas 6) 3 Yellow lines are potential Target zones from CMP.
NSE:AMBUJACEMLong
by Averoy_Apoorv_Analysis
6
JSW ENERGY --POSITIONAL JSW ENERGY --DAILY CHART SETUP --POSITIONAL 1. Jsw energy seen on daily chart setup retest previous lower channnel breakout level around 250-255 2. currently stock trading above 21, 44, 50, 200 HMA 3. one can initiate Buy around 250-255 for current level target 270-280-300 positional (1-3 ) Month stop loss 220 bellow strong support line 4. CCI at above center line ( bullish ) 5. RSI 55 level above 60 will be bullish zone 6. MACD above center and signal line bullish . ** THIS IDEA IS FOR EDUCATIONAL PURPOSE ..trade at own risk !! HAPPY TRADING ,!!
NSE:JSWENERGYLong
by champtrade111
PNBHousing looking bullishPNBHousing is in downtrend from 2017 and has been facing a weekly resistance near the trendline. It had given a breakout few weeks back but didn't sustain. However, stock has bounced back from 0.5 Fib levels and gave a weekly closing above the trendline as well as the 200 EMA(weekly) which is a bullish closing. 630 is an immediate resistance above which it can test the 675-750 levels in short to medium term. So, you can keep the stock in watchlist. Sharing this idea only for educational purposes and its my personal opinion.
NSE:PNBHOUSINGLong
by chartistamey