1) As per analysis, chart formed rounding bottom pattern, which indicates bullish momentum.
2) 1 Year trend line break out
Possible targets as per Fibonacci are:
1) 600
2) 630
3) 700
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
many such stocks in midcap sector has seen this kind of breakout(not inverted head and shoulder) but reaching near 2018 highs, for eg. tata motors also has nearly same chart set up. look out for it and share your views. not a sebi registered advisor. views are for educational purpose only. stoploss- 94
AS MENTIONED IN CHART, IT BEAUTIFULLY FORMED CUP & HANDLE PATTERN + BULL FLAG PATTERN.
IT MAY FACE 137 AS RESISTANCE,
BUY ABOVE 137 !
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Hello guys its me shaanu day trader, so SBIN STOCK is clearly making bullish pennant and head and shoulder kind of pattern so we are going to enter when the candles are going to break the zone.
NSE:BPCL IS FORMING A CUP AND HANDLE.THIS IS A GOOD SWING OPPORTUNITY.ENTER ONLY AFTER GETTING OPPORTUNITY EXCEPT WHEN YOU ARE READY RISK.ALWAYS LOOK FOR THE VOLUME CONFIRMATION.ALSO LOOK FOR THE FUNDAMENTALS.NIFTY AND SECTORS ARE AT ALL TIME HIGH NOW.SO ENTER ONLY MOST PROBABLE TRADES
FOLLOW FOR MORE TRADING IDEAS
I like the pattern it is forming. Ideally ,analysts would recommend buying above the breakout zone but I'm personally trusting my instinct here.
I could be wrong but that is where my BFF StopLoss would come to my rescue.
Fundamentally a good company too.
Stoploss based on your risk appetite.
NSE:EICHERMOT
GOOD SUPPORT IS SEEN ON 30 MIN TF SUPPORT LEVEL OF 2525 TESTED 4th TIME AND
A PIN BAR CANDLE FORMATION WITH GOOD INCREASE IN VOLUME.
MUST ALSO SEE FOR THE RED SHORT TERM TREND LINE TO BE BREAK.
EICHER MOTORS CAN BE GOOD FOR SWING OR POSITIONAL TRADING.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
LIBERTY SHOES POSITIONAL TRADE OPPORTUNITY.
ASCENDING TRIANGLE FORMATION.
This is just for educational purposes. It's your choice to trade or not.
If any suggestions please let me know in the comment box.
NSE:M_M
WE CAN SEE AN DESCENDING TRIANGLE PATTERN ON DAILY TIMEFRAME.
IT SUGGEST THAT THE STOCK MIGHT MOVE DOWNWARDS.
SO THERE CAN BE AN SHORTING OPPORTUNITY SOON.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
NSE:APOLLOTYRE
APOLLO TYRE MIGHT SOON BREAK THE 150 LEVELS AND WE CAN ALSO SEE AN ASCENDING TRIANGLE FORMATION ON DAILY TIMEFRAME.
WHICH SUGGEST A MOVE UPWARDS.
NOTE-THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
AN ASCENDING TRIANGLE PATTERN CAN BE SEEN ON DAILY TIMEFRAME.
THERE IS ALSO SUPPORT ON FIBO-RETRACEMENT.
THERE CAN BE A BUYING OPPORTUNITY.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE. NSE:INDUSINDBK
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
RISING WEDGE CAN BE SEEN ON 15 MIN TIMEFRAME.
THERE MIGHT BE AN SHORT OPPORTUNITY.
THIS IS JUST FOR EDUCATIONAL PURPOSE.
IF ANY SUGGESTIONS PLEASE LET ME KNOW IN THE COMMENT BOX.
NSE:BANKNIFTYV2020
