You can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.
Can take take trade with 3150 as stop loss for a min target of 3560 in 5-9 days.
ROUNDING BOTTOM ON DAILY FRAME FRESH BUY ABOVE 2350-60 LEVEL FOR A TARGET 3150-3200 SIMILAR ROUNDING BOTTOM ON HOURLY CHART HOLDING FOR TARGET 2890 2842 CAN BE THE RESISTANCE LEVEL FOR 2890 TO COME BELOW IS ATTACHED HOURLY CHART
BUY GIVEN @ 68 FOR TARGET 80 + SO FAR 76.5 IS THE HIGH MADE FOR NOW 80+ TO HIT 2 HURDLE LEVELS TO TOUCH N CROSS 1> 77.2 2> 79.3 LETS WAIT N WATCH THESE 2 LEVELS disclaimer - for study purpose only below attached old idea post for reference
SUNPHARMA is forming a triangle pattern in 30M timeframe. It could a good trade intraday as well as positional. Although in triangle pattern the price tends to give both breakouts and breakdowns. But in this case SUNPHARMA is creating lower lows which means the stock is in a bullish mode. We can trade both breakouts and breakdowns in intraday when price crosses...
TECHM has given a channel breakout today in 30M timeframe. After the breakout a retest in also visible. The stock is now moving upwards and one can initiate a long position for a target of 948 which is a resistance point for TECHM. SL will be the nearest swing low i.e. 920. Risk management is the key and no trade setup is 100% working. The SL comes in place when a...
Rounding Bottom Pattern Just see that lower volume backed by when the price is falling its an indication that weak hands are selling off and hence selling pressure is lower Can be bought at CMP SL 29 Target ~39/40
BAJFINANCE is making a rising wedge pattern in 30M timeframe. You can add this to your watchlist and keep a track. There are chances for a breakout in coming trading sessions. Initiate a long position when price crosses the high of the breakout candle with SL at nearest swing low. Happy Trading!
ADANITRANS is forming a triangle pattern in 30M timeframe. It can give a breakout in the coming trading sessions. It can be a good positional trade with SL initially at the nearest swing low and then trailing it tightly to ride the rally. You can add this is your watchlist and keep a track of it. You can enter the trade when price crosses the high of breakout...
A 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...
LT UPDATE :- BUY ENTRY TAKEN @ 1034 LEVEL WITH 3 TARGET LEVELS GIVEN STRONG RALLY SEEN SINCE THEN MET 1ST 2 TARGETS NOW ITS TIME FOR OUR 3RD & FINAL TARGET 1223 ATTACHED IDEA FOR REFERENCE
Either Breakout buy or breakout retest buy Buy above 97 SL 82 Target 117 & above
There is a cup and handle breakout in daily time frame chart. if market remains bullish or in sideways 80 can be seen in very few days
the breakout level to watch n Glenmark is 550 watch if close on the daily candle above the level then it can be added for the target of 10-15 % SL I will be updated depending upon how the candle is forming near 550
IOC ON MOVE KEEPING 90.7 AS STOP RUN THE RIDE FOR NEW HIGHS TILL 103.8 LEVEL disclaimer - for study purpose only.
TCS is looking good if it will manage to sustain above 2770-2790 for the target of 2880-2900
INFY 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...
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...