The BTC/USD pair after a great spike is currently in a correction mode.
It is forming a descending triangle pattern and break out below support levels will validate the pattern.
Hence we suggest traders to take a short call only after a break out below the support level of 5890.
POSITIONAL CALL IN LUPIN(OPTION TRADE ONLY)
IS IT A RANGE BREAK-OUT TRULY OR NOT DEPENDS
UPON A CLOSE ABOVE 930
IF THAT HAPPENS BEFORE 3:30 TODAY
WE ARE SEEING A TARGET OF 1100 ON A LONG-TERM
CHARTS AND WE ARE NOT LOOKING FOR THAT
WE ARE LOOKING FOR 1050
SO WE ARE BUYING OPTIONS WE WILL BE PROTECTED WITH
REVERSAL WITH AN INBUILT -STOPLOSS
BUY 1000 CALL ...
POSITIONAL CALL IN SUNPHARMA
LONG-TERM RANGE BROKEN
NEW RANGE ENTERED FROM 588-TO 723
NOTE IF ONE CAN CREATE LONGS IN OPTIONS
I WOULD SAY ITS THE RIGHT TIME
After being locked in a range of 1140-1260 for more than a month, Tata Elxsi NSE:TATAELXSI has finally broken on the upside yesterday.
I can see that it formed a large bullish candle with good volume yesterday.
Good opportunity to buy here with stop loss a few points below 1260 for another cycle of upmove.
Disclaimer: Views expressed here are my own, and should ...
Vedanta on formation of Range and waiting for breakout. Price and Indicators are indicating Neutral trend so need to wait for confirmation on which side will break.
Buy above - 263.50
Target 1 - 268
Target 2 - 275
Stop loss - 257
Short below - 257
Target 1 - 250
Target 2 - 253
Stop loss - 263.550
Stock has broken out of a 2 YEAR consolidation phase (range) with great momentum.
Looks like its read for a pullback/retest of previous resistance/new support.
This new support matches with the 61.8 retracement level, which is also where generally reversal happens.
Lets see how it turns out to be. If the stock makes a new high: go long, and cover short if you ...
I think charts are enough to understand the direction... :D
Previously, whenever this stock has given Breakout or Breakdown from a range it has given a big move...
Based on, Breakout targets are 225/230/235/240+
SL will be 215
Note: Do your own study before making any position...
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