Positional
SBIN | Trendline and Previous breakout retesting - 25-30% SBIN | Trendline and Previous breakout retesting - 25-30%
CMP : 470
SL : 440
Target : 590, 600
1:4+ risk reward setup
If we connect Swing low to Swing high the Fib support also taking place at 455 level.
Target is based on Fib target for next wave
Ibulhsgfin - Swing trade - Target - 240On the daily and weekly charts, this is a superb swing trade with a bear trap. By forming a no wick bullish candle, it has reversed from the significant point. Today, strong presence of the buyers could be felt. On the weekly chart, a bullish hammer (Bullish reversal) is forming. There's also a break through of positive resistance (Level 1). Divergence is also shown by Rsi (indicating increase in strength of the stock).
Also, this is a favourable risk to reward trade.
Best of luck and happy trade :)
PHILIPCARB | Channel + EMA support - Potential for 24%PHILIPCARB | Channel + EMA support - Potential for 24%
CMP : 225
SL : 200
Target : 275
1:3 risk reward setup
PARACABLES, 80% gain possible.(possible multibagger)PARACABLES,,W & M chart are in formation of cup & HANDLE Pattern.
Daily cart forming inverted Head & Shoulder pattern.
Above all the moving averages too.
This could be a multi bagger stock.
All levels are marked on chart itself.
All analysis are for educational purpose only.
ATH breakout pullback and continuationbuy above 5000 for intraday and positional
keep stoploss of 4450 DCB for positional
For Intraday:
Note this scrip is volatile for intraday as spread difference is more so keep position sizing small
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
HDFC AMC, Short Sell, Target 1 - 2500, Target 2 - 2350It has broken a weekly and a daily support. After the breakdown, support acted as a resistance and now has taken a continuation towards the south. Short build up is also visible. Supported by the selling in the overall market, this could be have a good downside potential.
Best of luck :)
ASTRAZEN | Super RSI divergence in daily time frame - 35-55%ASTRAZEN | Super RSI divergence in daily time frame. Lets try a bottom fishing - Looks potential for 35-55%
We recently traded GLAXO from Pharma which given excellent result. Now another stock from same sector.
CMP : 3100
SL : 2800
Target : 4150, 4800
1:4 risk reward setup (First target)
Daily time frame RSI divergence chart attached in comment