Muthootfin CMP 1251, is at ideal pullback entry point with respect to risk reward perspective even though there is resistence area around 1280-1300 levels .First possible target 1400 with SL of 1205 on daily closing basis.
lti meeting 50 ema and previous resistance as support and candle sticks showing rejection possible long swing opportunity
Hello Traders I am expecting a strong pullback in fermenta biotech if daily candle give close above the mentioned level. Otherwise good downfall if head & shoulder break the trendline downside. DISCLAIMER ( Educational Purpose ) All investments involve risk. Please Do your analysis before initiating Any trade Good luck !
Muthoot Finance has given a triangle breakout and pullback, can be bought at current levels and safe buy above 1312 with a stoploss below 1230 daily closing basis for targets of 1345 and 1405 initially. VIEWS FOR LEARNING PURPOSE ONLY
Price has given a W pattern breakout and pullback to breakout/Support zone & 9 Week EMA, can be added at cmp and dips upto 2550 for target arnd 3000, view gets negated below 2450 on weekly closing basis. On daily time frame price can give a trendline breakout above 2716 levels for initial target 2750. VIEWS FOR LEARNING PURPOSE ONLY
We will likely see a healthy pullback within the channel by that time (maybe as early as next week).
Price broke the all time high and has given a pullback, the price is currently at a confluence of factors : 1) Price is retesting the previous breakout zone (Resistance acting as support) 2) Price is taking support at the 9 day EMA 3) Currently price is also taking support at 0.5 Fibo Level This can be a high probability trade above 537, close above which will...
NSE:HDFC DAY CHART UPTREND IN PLAY,HIGHER HIGH FORMTION IS CLEARLY VISIBLE POINT (1),WIDE RANGE BULLISH CANDLES WITH GUD VOLUME WHEN PRICE MOVES HIGHER POINT (2),THERE ARE FEW WIDE RANGE BEARISH CANDLE ON PULL BACKS BUT DID NOT SUSTAIN POINT (0),FORMED A NEW HIGH AFTER WHICH PRICE STARTED TO CONSOLIDATE POINT (A),IS THE LOW POINT OF THE RANGE...
Price Broke out of the resistance/supply zone and gave a pullback, the price has taken support at the confluence of the previous resistance zone (which is now acting as support/demand zone) and 20 day EMA, above 93.20 can go upto 98-100 and above that can go upto 110, SL below 86 on daily closing basis, Also keep an eye on the sales numbers to be declared for...
- RSI DIVERGENCE : +ve - TODAY'S DAILY CANDLE CLOSE : Doji candle, AFTER CONTINUOUS SHORT COVERING - FINALLY AT BREAKOUT LEVEL, A GOOD MOMENTUM CAN BE CAPTURED WITH SMALL SL HIT LIKE!! FOR MORE NEW IDEAS. CHECK BELOW LINK: DEEPAK NITRATE AT RETEST LEVEL
Nifty broke down from the TL and has given a pullback towards the TL, on hourly chart it has formed a doji an hourly close below the low of doji will confirm lower high and can take nifty to 12730 levels and below that to 12626 level which is also the fib 23.6 level and a good support zone, view gets negated with an hourly close above the Doji high which will take...
NSE:BAJFINANCE OVERALL TREAND - STRONG BULLISH ON 19TH NOV,AFTER WIDE RANGE OPENING BULLISH CANDLE,PRICE STRUGGLED TO MOVE HIGHER AND VOLUME ALSO ON DECLINING SIDE AFTER WHICH SHARP DOWN MOVEMENT HAPPENED WITH WIDE RANGE BEARISH CANDLES ON HIGH VOLUME TODAY WE CAN SEE EITHER, >>>>>>>PRICE TEST RESISTANCE LEVELS 4652-4678 AND THEN MOVE DOWN TO SUPPORT...
After long sideways consolidation, it changed the character. Then it formed a low cheat in form of pullback to 50 DMA. Beautifully rounding out on weekly chart. Then broke out today on high volume. Tgt - at least 600 and 620