Narayana Hrudayalaya Ltd | Long | Above 800
-Cup and Handle Pattern
-Increasing volumes
-Increased Revenue and Profit
-Increasing Market Share
-Net Income higher than industry
-New acquisitions by company
Buy once close above 800
Target1- 872
Target2- 920
Target3- 970
SL - 760
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Psychologicalroundnumber
Banknifty Rejection from psychological level with narrow CPRToday Narrow CPR has formed and whenever
narrow CPR formed then most of time market
is trending. This was 1st conviction to trade
breakouts/breakdowns.
The 2nd conviction to sell was that price opened
below40500 PSY level and rejected twice from it.
So after breakdown entry should be triggered.
Probable Move in NIFTY. A NEW BULL to be UNLEASHED!
Observations on the Chart.
A Triangle being formed in the chart of NSE:NIFTY indicates Bulllish Movement is around the corner.
Expecting a breakout from the channel in weeks to come.
14000 is a support which will be tested this week (12-16April).
If it remains around psychological level of 14000 on closing, there is a good chance of Bulls to return!
Predictions are merely for education purposes. No Trading Advice whatsoever in this profile.
ASHOKLEY Breaking out of 100 zone?Ashok Leyland has been hovering around 100 zone for a while now. In fact it's a long term support/resistance zone and a psychological number as well. Looks like the stock has finally broken out of the 100 zone with volume. Long trade can be initiated with stop on closing below 100.
Nifty - The Power of M - Magical@11550Review of last Idea
Plan A – achieved 80-90 points as discussed in the trading strategy of last video idea.
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Power of M can be experienced in various forms. One of such form was visible in current structure in 11550-11570 zone as
Bullish Bat Pattern
Bullish Alternate Bat Pattern
You can learn more about such patterns in Harmonic Trading Book Volume 1 & 2 by Scott Carney(Author).
Trading Strategy
Holding 11550-11570 as updated in status – it pushed in line & closed at 11600 mark. We look out for following targets
11675
11710
11760
11825-11850
Traders can plan to sell at the highs of 11675 / 11710 / 11760 but surely avoid selling if index moves above these levels as bulls could control the move.
Hoping for new all time highs with 11550-11570 holding as support downside.
Thanks for watching this video & your precious time.