WAIT FOR A PULLBACK TO ENTER LONGS IN VEDLVEDL had a successful breakout on 29.07.21 and would have given around Rs 60 profit. Since the stock is an uptrend would it be prudent to enter now.
My thinking is since the stock has given a good profit in the push phase we should wait for a pull back to enter fresh longs.
Also we have a negative divergence. So wait and watch before committing to fresh longs.
Pullback
Reversal of Parallel Channel in SRTRANSFINSince February, SRTRANSFIN consolidating in parallel channel range. Currently it's trading near support level of this channel. According chart its indicating reversal from this support level. Also, In today's session it showed correction for 200EMA level. So expected upside target of 1525 in short term. If this gives breakout of the resistance then expected further bullish rally upto 1755+
#HindustanUnilever This is a swing or positional Trade.
you can exit in 2-3 weeks
if your targrt achived you can book some profits
and there is a breakout it would be great trade to hold because it would be on it's all time high.
and nifty is performing well so it could be a great a leading sector in some time.
#Happy_Trading_
SBI LIFE INSURANCE LONGOPEN CHART FOR ANALYSIS
Daily charts of SBI life shows that the stock has been moving in a specifies price range making continuous Higher Highs and Higher lows.
A few days back it gave a good breakout with volumes. And it showed a pull-back now and took support of the range line.
Also, if we look at the 1-minute chart of Sbi LIfe ins. (not able to upload multiple time frame chart, you may open 1-minute chart of sbi life ins), there are huge volumes towards day end which pushed the price upwards. This shows buying interest in traders.
Can take entry at this point with marked targets
Stop Loss- 1078, TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS..
Refex Industries fire work started🌿🍂buy @ 140 -145 range
trgt 170-200-300+
not a buy recommendation,study guys🙏
Why was it selected❓
🔹Company has reduced debt.
🔹Technically looks good.
🔹retested breakout level and expecting more upside.
🔹interesting business
🔹Company has delivered good profit growth of 50.40% CAGR over last 5 years.
🔹Company has a good return on equity (ROE) track record: 3 Years ROE 56.53%.
👉Entry possible,but it’s not a buy recommendation.Study well🙏
ABOUT THE COMPANY🍂
Refex Industries is engaged in the business of refilling of eco friendly Refrigerant Gases. The Company's portfolio consists of trading and re-filling of Refrigerant Gases. The Company is also into the sale of Electrical Energy based on the generation of power and Sale of Solar Accessories and Job service related works etc.,
Thank You.💚
Like🔹Comment🔹Support
AMZN 1 Year Old Resistance Broken and Pullback Level TestedAMZN was Testing this level since Sep 2020, which recently had a Breakout @3575 Level. The Pull Back is also Complete and the @3575 Levels are tested.
This level was very strong Resistance for AMZN Price, which after breakout technically got converted into a Strong Support.
Might Think of going long with Stops around @3500.
Do follow for more trading setups like these
Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
PVR going for a nose dive.Inside candle on daily.
On 75 min timeframe- it has broken down from the 200 EMA & gave a pullback.
Sell below the rectangle. or < 1300
Potential Pullback Opportunity - Globus Spirits After having made a spectacular rally, Globus Spirits has retraced now upto 50% fib. retracement level. The Price Volume action at this level indicates a high probability for the upmove to resume at this level. SL can be below the 61.8% level while profit target can be initially at 100% and subsequently, beyond that, as it will be in "Blue sky zone".
HDFC Life - Long Swing Time Frame PickHDFC Life has seen a breakout from triangle pattern in weekly timeframe.
We will get aggressive once the stock crosses 700, till then smaller quantities / SIP can be done.
All levels marked on chart.
Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments is a personal decision that should only be made after thorough research, including a personal risk and financial assessment and the engagement of professional assistance to the extent you believe necessary. The trading strategies or related information mentioned in this article is for informational / educational purposes only.
SPX 500 positional trade : All targets reached.Please check idea previously posted on 22nd June.
SPX 500 has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 4226
STOP LOSS : 4173
TARGET 1 : 4279
TARGET 2 : 4332
Gati - BullrunGati is looking very strong here.
Near to 200 EMA &strong volumes from past few sessions. In my view we can easily witness levels of 190-200 levels in short run & 220+ levels in mid to long run
LT LONG.LT has been in a nice uptrend, continuously making higher highs and higher lows. After the recent pullback to the 20 EMA , a nice continuation candle has formed. A long can be initiated keeping in mind the following levels, only if it sustains above long level for 15 minutes.
LONG ABOVE : 1505
STOP LOSS : 1469
TARGET 1 : 1541
TARGET 2 : 1577
LG Bros Ltd - Pullback Candidate?? LG Brothers had posted a stellar results that reflected with a parabolic move in the stock. Subsequently, the price is now on retracement and currently it looks like the retracement is nearly complete and the stock is now ready to move up. Keep a close watch on the PA and then can time your entry appropriately at the price level of great value.