RECLTD @ 106.05 | 12-Jun-2020 | Daily | LONG if sustains 106#RECLTD @ 106.05
- A bullish pattern
- A big green candle made on 13-Mar and since then the closings were moving around within this range
- Breakout attempts were made on 14-May & 08th-Jun (Red arrows).. but on 12-Jun saw the actual breakout
- Next: On watchlist for this week closing, if it is above 106 then LONG
Power
A trading opportunity to buy in POWERETHTechnical analysis:
. PowerLedger/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 29.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00060000 to 0.00054000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00060000)
Ending of entry zone (0.00054000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.00065730
TP2= @ 0.00071260
TP3= @ 0.00077540
TP4= @ 0.00083970
TP5= @ 0.00094600
TP6= @ 0.00111160
TP7= @ 0.00155120
TP8= Free
PowerGrid : Descending TrianglePOWERGRID is forming A descending traingle , Look for opportunities at either side break of triangle
Entry : Long Abv Upper TL <=> Short below Blue zone
Stoploss : Discretionary (Closing Basis)
Basic Target: 10%
" Idea by Malkiat Singh "
if you have any queries regarding above idea or any other stock feel free to D'M
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It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Long Torrent Power with a Target of 247 and a S.L of 234.7Buy Torrent power around 239-241 with a S.L of 234.8 and Target of 247. Adjust your volumes according to the price at which you enter. Do not take a trade if it opens above 247.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
CGPOWER: SELL at 38 with Stop-loss of 40 Target of 30.50CGPOWER is on a downward projectile. Wait for level of 38 and Short CGPOWER only around 38 with Stop-loss of 40 (on closing basis) and Target of 30.50
Expecting CGPOWER to get in to short covering rally starting tomorrow. Wait for the level to come in.
A trading opportunity to buy in POWERETHTechnical analysis:
. POWERLEDGER/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00062400 to 0.00055000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00062400)
Ending of entry zone (0.00055000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00075400
TP2= @ 0.00088300
TP3= @ 0.00097400
TP4= @ 0.00115000
TP5= @ 0.00132700
TP6= @ 0.00157900
TP7= @ 0.00190000
TP8= Free