SO TRADERS EVERY THING I HAVE EXPLAINED IN CHART IN SHORT THAT WHY I WILL TAKE TRADE ON THIS
MY TRADES WILL BE AS FOLLOWS
RISK- 5.50 RS PER SHARE
REWARD-13.4 RS PER SHARE
SBI has fallen more than 50% three times in the last 10 years.
In order to find a rationale to invest, we have analyzed SBI in different time frames.
1. Demand Zone -
A demand Zone is an area where buyers dominate over sellers, there is massive buying pressure in this zone.
SBI is currently in demand zone which is around 160 to 150 levels. This...
Rpower is showing positive divergence on daily chart. If it is a parallel channel, then stock should move up towards 8.30- 8.70 zone. Trader can buy at 5.60-5.80 with stop loss below 4.20 for target of 8.70. It it gives close above 9, then one can expect rally towards 13.
Note : We have buy position in RPower.
BHEL is currently at 136 levels in downtrend...
Trend reversals signals :
Postitive RSI Divergance, Bullish Hammer and Bullish Engulfing Candlestick Pattern indicates that strong uptrend trend will start..
Targets are 140/147/155/168+
Risk Reward is favourable..
Note: Do your own study before making any positions...