Xchanging - Low Risk entry for a swing tradeXchanging is giving a low risk entry for entry. Risk Reward favourable.
Pullback
NRB Bearing - Pullback setupLow risk entry available in NRB Bearing. Can be bought with swing low stop. Swing trading setup
THOMAS COOK | POLE FLAG + SUPPORT CONFLUENCEREASONS FOR ENTERTING TRADE
1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest
Buying above 65 for a projected price target which is set as the pole height, from the breakout point.
SL 56
Indusind Bank - Abandoned Baby Pattern. Pullback to DEMA 20Indusind Bank had given a breakout recently and after that has taken support at DEMA 20. Further the stock has also formed candlestick pattern Abandoned Baby Pattern.
Arvind Ltd - Pullback TradeArvind Ltd is in consolidation for some period. Today the stock has formed a strong candle in the consolidation zone and it looks like the stock can give a good upmove. Low Risk High Reward entry.
Morning star formation at the retest levelsIndusind bank is behaving no different than the other performers in banking. There is a morning star formation at the retest levels of the breakout that happened a few days ago.
I categorize this candlestick as a buy setup and this can give 10% in the coming days. SL should be at 1087 with a target of 1240-1250. This is a good RR setup of 3.5
Kindly note that this is not a recommendation and only for educational purposes. Consult your financial advisor before investing.
Metropolis - Pullback low risk setupThe stock has been consolidating for some time. Today it tested its previous breakout level and has shown some strength. Can be used for low risk entry with higher reward
Carboruniv - Pullback SetupStock took support at 20 EMA. Today has shown a good candle. Low risk pullback entry possible
DOUBLE Your Capital?Maruti Suzuki is forming a beautiful inverted head and shoulders in the weekly time frame. Once broken at 8500 it will give a short term targets of 10000 and if that is broken a good target of 13000+ levels are possible ( This is the possibility based on the technical approach although the semiconductor issue may be there till the mid of 2022)
This stock deserves to be on the watchlist for the coming months.
FOLLOW me for more such updates on this stock and other educational recommendations.
Happy Trading :)
Linde India price retesting the support with less volumePrice action shows it is up for reversal. it retested the support with less volume.
RSI looks strong in multi timeframe analysis.
POSITIONAL TRADE IDEAKotak Bank has given a breakout after a consolidation of more than 100 days, price has also taken support from 20EMA forming a BUllish Engulfing candlestick pattern. According to fibonacci retracement, price was trying to break the 50% resistance line and today it has successfully closed above it. Price can move further if it sustains itself above 1830 level, there is a small resistance at 1875 from that level price may give a retracement and can come to test the support. if the support remains strong we can see 10% to 15 % upward move.
EURNZD entry in NEW YORK SESSIONAfter a BOS there is a pullback of the previous OB, where the entre could be taken. The R/R is 1/4 for the account. I hope the price is gonna break that support which may have a lot of liquidity.
Pfizer @ Nice SupportPfizer @ Nice Support & rejection candle, watch for reversal. Support line will be SL.
CHOLA FIN breakout stockCHOLA FIN give n good breakout ....wait for retesting support and buy with confirmation
INDIGO Breakout Pullback ContinuationINDIGO broke out of its 1900 ATH zone last week. The price then pulled back to 1900 and has exhibited continuation pattern today. Fresh longs may be initiated for the continuation trade in the direction of the breakout.
Possible pullback from supportBuy @155-160
Target 180+
SL - <145
Bull on this stock. You can go with Eqty/Future for sept.
#MAHLOG #MAHLOG
Mahindra Logistics-
CMP: 784.95
1.formed rounding bottom pattern,
2. good Volume supported the strong up move
3. Rsi> 72
4. Stock near its 52 weeks high range
5. if in next trading session opens positive and is able to sustain 1st 30 min
then one can look for its previous swing high target
6. seen increasing Volume and delivery % and Deliverable Qty
Tata Chemicals - Potential Pullback candidateTata Chemicals is making a good pullback to the BO zone. Price had formed a base of over 100 trading sessions following which it made a Runaway Gap Breakout on huge volume. The volume has significantly dried up during the pullback. The Gap will act as a support and there is a high probability that stock may resume it's upmove.
