Get started

Pullback

Creditaccess consolidating in a range, near 870 grt risk rewardCreditaccess consolidating in a range since Apr'22 and whenever this range will break it will just fire up. Now there are 2 options in front of us 1) Wait for retracement to 870-880 zone which will give great risk reward. Just place alert and wait for trigger 2) Wait for open above 1090 and then enter. 3) There is another option, enter near 945 with 33% plan qty and add more near 870-880 zone. If price retraces from 945 zone then can add more above 1090 zone. SL in all cases will be closing below 850 After breakout consolidation is very healthy sign but this stock can take time to give decent returns. Always respect risk, reward will be taken care by Market forces. Enjoy
NSE:CREDITACCLong
by ssudhirsharma11
3
#Nifty #fallingwedge on hourly chartsNifty on hourly timeframe is showing a falling wedge formation with double bottom placed at the bottom of the falling wedge channel and also a very important support placed around 16800-16850 support zone band. 20 DEMA is placed around 17400 currently and as that acts a magnet, it can't be ruled out that price is going to a move around that. This zone is also currently coinciding with the around 50 to 61.8% pullback zone of fall from 17800 to 16830 levels. Price is also showing a consolidation in around 250 to 280 points range and a breakout above it would also suggest hourly double bottom range breakout, the range targets are also coinciding with similar target zone as visible from the above two observations. So, possibility of 17350+ can't be ruled out in short term in Nifty and further assessment of price action can be done from there on. Happy Trading :)
NSE:NIFTYLong
by aktradelearning
21
Potential Long trade in PSP Projects - Pullback after a breakoutNSE:PSPPROJECT This counter has given a pullback after a good volume backed breakout from a consolidation. It reversed from monthly R1 pivot and is now re-testing the breakout level. Any long trade here would be ideal after a green candle close at this level. Targets can amount to R1 again (the previous high), which gives a R:R of 1:1, or a further target of R2, which gives a R:R of 1:2. It would be prudent to not rush with such trades. Wait for confirmation that it is just a pullback and not a false breakout, and then take the trade!
NSE:PSPPROJECTLong
by aniketkulkarni500
Pullback in DAAWAT LTDIf we talk about Dawat Limited, the market is seen in an up trend and there is a good movement on the upward side as buyers come into it. A channel provides support and resistance and creates higher highs and higher lows. A dark cloud cover pattern is seen and then the market moves to the downside. A level of 108 represents strong support and a level of 134 represents strong resistance. The market may go up to the level of 108 and then give a good upward movement. Thank you @Money_Dictators
NSE:LTFOODS
by Money_Dictators
1