ADANIPORTS TRIANGLE 15MA triangle pattern can be observed in ADANIPORTS in 15M timeframe & can be a good opportunity for intraday as well as a positional trade. The resistance has been tested multiple times now and has become weak. We can see a breakout tomorrow. We can initiate a long position when price crosses the high of breakout candle. Keep your SL to the nearest swing low. Risk management is the key. Happy Trading!
Positionalcall
INFY TRIANGLE 1HRINFY is rangebound and forming a traingle pattern in 1hr timeframe. Breakout on either side will result in good momentum. It has been a choppy market for INFY and there are high chances of a breakout on bullish side. You can enter the trade in 15min timeframe as soon as the price crosses high of breakout candle with SL on previous swing low. It can be a postional trade and you can trail your SL alongwith price movement to get maximum profit out of the trade instead of planning a potential target.
STAY LONG ON TITAN ⌚BASED ON PULLBACK THEORY
STAY LONG WITH STOP 1380 ON CLOSING BASIS
WHAT IS PULLBACK ???
A pullback is a temporary reversal of the current trend, either up or down. The price action in the market moves like a wave:
- in an uptrend market, you will see price continue to increase but even whilst it is increasing, there will be times when price will drop. Then price rises up again going past its previous higher high (example form the chart above).
- in a downtrend market, the same but opposite happens. Price will continue to fall but there will be times when it will rise only to drop back and go down past its prior lower low
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ADANIPORT --->>> HIT WICKET OR SIXER NOW ? OBSERVATION :-
Whenever before the script got hit from Top Level -
ADX was in cluster, though rsi was above 65 level showing strong bullish trend
This time script is again near the same level
will it cross this time or again will get a HIT ???
RSI near 70 ( strong bullish trend )
ADX slowly crossng -DI, +DI above adx & - DI
NOTE = IF THE SCRIPT CROSSES HIGH THEN KEEPING STOP OF 378
GO LONG FOR 1:1 / 1:2 TARGET RANGE
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Galaxy Surfactants looks ready to give an upmove of 10-15%The trend line looks to be set and Galaxy Surfactants looks ready to make an upmove. It may even converge to a smaller triangle but the next 2-3 weeks it should give an upmove of 10-15% in the range of 1800 to 1875.
The trend is an uptrend so we are also going in line with the trend. Trend is My Friend :)
Please note that this is my analysis and not a recommendation. Please do your own research before making any investment decision
SWING CALL STRONG MOMENTUM JK CEMENT BUY IN DIPS NOW 1556.35 SL 1410 TARGET 1750 1800
Over the last 5 years, net income has grown at a yearly rate of 28.15%, vs industry avg of 21.24%
Stock has been generating better return on equity than bank FD
Good time to consider, as stock is not in overbought zone
In last 3 months, foreign institutional holding of the company has increased by 1.03%
[Positional] Bharti Aritel - BUYThe stock has not been performing very well for about last 80-85 trading sessions. After a very long time, the stock has given a clear breakout from its trendline with relatively higher volumes and is not expected to show uprise.
The macd is also indicating a reversal.
Levels mentioned in the chart.
This analysis is done by me and could go wrong due to various reasons. Please do your own analysis before investing/trading.