Pullback
Hind Petro : Buying opportunity with good R:R (Demand Zone)Hind petro has been bleeding since months. In previous day session it closed at 171 which is its a good support. If you zoom out its chart on weekly time frame
you will find this zone is very crucial for Hind petro (171-164). So, swing short should be avoided and anybody having postiion on short side they must book their profit.
If a bounce came from here and breaks the 175 level buy can be initiated with SL 170.
DMART | 16% Pull back swing opportunity + W patternDMART | 16% Pull back swing opportunity + W pattern
CMP : 2110 (can buy upto 2080)
SL : 2020
Target : 2460
Excellent 1:4 risk reward
Swing Trading Analysis: Quick HealRetacement after the strong breakout. Now we can see a Pullback from Demand zone if see any bullish candle pattern on demand zone
PEL - SHORT SETUPPel broke down its support and has formed bullish engulfing while retesting. This can be a good shorting opportunity for pullback traders
Pullback BUY on DR REDDYS LABSTrend on Higher Timeframe (Weekly chart) - Green / Uptrend
Trend on Current Timeframe ( Daily chart ) - Green / Uptrend
It is common for shorter duration multiple moving averages to compress and expand repeatedly during an Uptrend. The compression of such shorter duration multiple moving averages can be used to identify a pullback.
The blue cloud in the chart is a combination of shorter duration moving averages. The dots at the bottom of the chart identifies such compression.
Swing traders can enter at around Rs.4482. Long term traders can use this pullback and continue the trade since the trend is strongly upwards.
The stock has taken support at 50EMA. That can be used as Stop Loss i.e. at Rs. 4310
Swing Trading Analysis: CIPLAAfter an All-time high breakout stock retraced to the near demand-supply zone. Now we can see a pullback from here.
Swing Trading Analysis: BPCL (Bharat Petroleum Corporation Ltd)Note Higher high higher low formation,
breakout with good volume, retracement
after the breakout, Now Pull back process
started from here. (Stock: BPCL)
COALINDIA: A strong break out with volumeThere has been a breakout in COALINDIA with strong volume. Wonderful opportunity to enter as a swing trade.
Pullback from Breakout Ultratech gave good breakout and is currently in pullback mode.
Can be bought on dips with
Target 4350
SL 3724
Reliance - DejaVu ?
There are two main buy signals:
1. 100 HEMA pullback
2. 50% Fib Retracement
Should be a good long trade above 2026 for targets of 2040, 2065, 2080, 2100 with SL at 1998
Alternatively, if NIFTY continues to be bearish will look to Scalp below 1990 for 1950 & subsequently 1925 (200 HEMA) with a 10 point trailing SL.
BAYERCROP pullbackPrevious support turned resistance. Bayercrop correcting on low volumes rebounded, giving a good entry point.
IPCALAB pullback can provide low risk entryThe stock is in a confirmed uptrend. The breakout on 16th July was on good volumes. Pullback on low volumes provides opportunity for low-risk entry.
Gold BearishIts time for correction in Gold, can see heavy fall in coming days as Global sentiments are positive.
Pullback trade Hindustan Unilever
The blue EMA cloud has squeezed and has given us blue dot at the bottom of the chart. The current trend of the stock is clearly Uptrend, as represented by the green trend bar on the top. In fact it is green since April 2017. The stock has made a narrow range here. It has been trading between Rs. 2050 to Rs. 2150 since last couple of weeks. i.e a range of nearly 100 rupees. One can BUY this stock above Rs. 2150 and keep a Stop loss at around Rs. 2050.
Tata Com Trendline breakoutNow trading at all time high after breaching treandline. If any retest or pull back happens, jump in.
NAUKRI Pullback BreakoutNaukri (Info Edge) has crossed a resistance zone with momentum on daily timeframe, followed by a pullback move having a small range.
This indicates an impulsive move may breakout on either side of the recent day candle.
Long above 2810.00
TGT: 2844
Short below 2754.90
TGT: 2722
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
HEXAWARE Inside Bar BreakoutHexaware made a small ranged red candle inside the previous wide range green candle on day timeframe.
Can be traded in breakout of either direction.
Long above 325.10
Short below 317.20
Targets: 1% in either direction.
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
BAJAJ AUTO Bearish BreakoutLatest daily time frame candle showing a small body and small range hinting at a pullback.
The downtrend followed in the past few days may continue below the the previous low.
Short below 2703
TGT 1: 2664
TGT 2: 2615
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
