Cadilahc - Ascending Channel Pattern. Chart time frame: 1 Day Trade type: Short term Duration: 1-2 months Entry: 450 Target: 500 Stoploss: 428 Risk:Reward - 1:2
Reliance cmp 1840 :- 1830 is strong support levels.. with stoploss of 1795 on closing basis counter can be bought for targets of 1950-2000-2050 If breaks and close below 1800 can go short with stoploss of 1830 for targets of 1700-1650-1600 levels..
Trendlines and levels are marked. MFSL today formed a breakout pattern to achieve ATH Levels. Trendline was quite significant as it was tested 8 to 9 times in the past. CNXFinance already ATH . Can go long. CAndle is bullish and huge volume spike!
Minor resistance possible down move is due in coming sessions.
A possible quick up move we can see after some retracemen till 3000
CMP = 1370 Price is above 10, 30, 50 SMA. Very nice setup for going long. Look to gain profits ranging from 5% to 11% in the short term. Maintain Stop loss at 1315.
The GBP/USD pair is currently below its daily pivot level. It has formed a strong bearish engulfing candle in 1-hour time frame. Hence we expect the pair to move towards its support placed at 1.28722 or even to strong support at 1.27894.