Pullbacktrade
INDUSIND BANK LTD: AnalysisIndus bank is on the verge of breakout keep an eye on it. Formation of triangular pattern and good volume contraction in Bollinger Band indicator.
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If bank nifty falls their is a high chances that the breakout will be in the downward direction else sky is the limit.
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Calculate your RR ratio and trade accordingly.
Buying Pullback -at Trendline SupportEntry 430
Stop-loss 409
Target 530
Risk/Reward 1:5
Axis bank trading at trendline support. Intermediate and short term trends are up. This pullback is an excellent opportunity to go long because of a very favourable risk to reward ratio.
Don't invest more than 5% of your total capital into a single stock.
SBIN: AnalysisSellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up.
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Reason to buy:
1) Trend Line breakout
2) Buying pressure from bottom
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Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00.
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RR ratio should be calculated and accordingly trade should be taken.
Infosys: Analysisinfy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing.
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Reason to Buy:
1) Formation of a triangular pattern.
2) Bollinger Bands showing consolidation.
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Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.
HINDALCO seems bearish ------ Daily Analysis i was BANNED for violating house rule so i am republishing again without any alteration
Sold @ 198.95
Target @ 185.85
Points Earned = 13
lot size = 4300
profit booked =56,330 per lot
ITC : Bullish Divergence on PullbackITC is one stock that is exhibiting 4 strong buy signals:
1. Price Action - The stock has been trading in a price action value area as indicated in the box. Can zoom out to get a better view. See the linked ITC idea on how to exploit it best.
2. Regular Bullish Divergence - There is a clear bullish divergence as indicated on chart.
3. Declining volumes also confirm the divergence.
4. Pullback from 50 DMA - The stock has taken continuous support from the 50 DMA since its uptrend in May and unless its breaking that trend due to a significant correction in the Market over the next week, the pullback offers a good entry point.
So I would be going long on CMP with a SL at 192.
Risk averse may want to take positions above 195 (50 DMA).
Immediate targets would be 196.5, 198, 200, 202.
If it sustains above 202 on the hourly chart - there is a gap to fill opening targets 207, 210.
P.S. I see a lot of traders here posting statutory warnings about how they aren't responsible if the reader loses money by following the idea blindly. Same Pinch!
CholaFin - EMA pullback + Fib level support BetLooking good buy at CMP (or buy on Dips) for Short term buy (Up to Friday) - Targets 210, 215, 220 with SL at 195
For details of Fib retracement levels, refer the linked idea.
If market & BN doesn't come crashing, Go long on August Futures or OTM options.
For Intraday, It may be a risky trade - trade in the direction of market.
buy on Trendline breakout recently given resistance breakoutHindunilvr broken long term resistance recently buy it on pull back near resistance around 2201.
if it moves upside than buy on TL breakout above 2232.
levels on chart.
good for swingtrade as well
long term trendline breakout wait for pullbackbuy on pullback till 702 or buy above 719 Target 724,732,748,763
Ramco Cement, Price action Long SetupOn cross of 620 levels, as a very nice healthy pullback will be confirmed
Monthly Resistance breakout will also be confirmed.
One can easily go long for target of 690-700 without any hurdles
Breakout and pullbackADANIENT has given Bo from TL on 29/05/20 and it pullback to TL can be good candidate for long if sustains above TL
stoploss should be below TL
INDUSIND BANK RANGE RE-ENTRY EAGER FOR PULLBACK RALLYSTOCKS ON RADAR TODAY
INDUSIND BANK RANGE RE-ENTRY
-STOCK HAD RECENTLY BROKEN ITS UPWARD TRENDLINE
-FROM THE LEVELS OF 416 THE STOCK HIT A BOTTOM OF 330
-NOW WHAT WE ARE SEEING NOW IS A PULLBACK RALLY CAN CLIMB UPTO 415
-THERE IS A GOOD RANGE FOR THE STOCK BETWEEN 368-486
-STOCK CAN FIRST TEST 415 AND IF BREAL THEN
-TARGETS ARE:-428-435-447-478
-STOP WOULD BE AT 354.85
-POSTIONAL TRADE "BUY ON DIPS" RECOMMENDATION
Sunpharma good news comes at good timesSumpharma got FDA approval for some drug which I cannot even pronounce.
Also recently stock gave break out form long year trend and pullback is also success.
Wait for the reversal at the zone for long.
DCB Bank BullishWeekly Supertrend in the green = Long Term Trend Up
Daily William%R bouncing from oversold zone = Short Term Pullback Over
Stock taking support at Trendline and near 50% Fibonacci Level = Demand Zone
Bullish Engulfing Candlestick Pattern = Strong reversal sign
Buy with a stop at Rs.189.50 for a target of Rs.213 and above
Elecon Moving UpWeekly Supertrend in the Green = Bullish
Daily William%R bouncing from oversold levels = Pullback done
Bouncing back from near 50% fibonacci levels = Bullish
Support taken at an old support and resistance area = Demand zone
More than 7 times the average volume = Bullish
Buy with a stop loss at Rs.59.50 for a target of Rs.70 and above
ISGEC BullishWeekly Supertrend in the green = bullish
Daily William%R coming back from oversold range = bullish
Stock bouncing back from 50% retracement level = bullish
ADX above 30 = momentum
Buy with a stop at 541 for the target of 640 and above
