Lupin has pierced the resistance line yesterday, and there is a clear breakout. One should initiate a long position when price is above the previous high, if closing above previous high with bullish candle gives us price confirmation also. Pattern will fail if close below the resistance line.
Hey guys, here's an amazing pharma/healthcare stock that came across my radar. Here are the details- CMP- 1574 Targets- 1722, 1791 Stoploss- 1428 Duration- 2 to 3 weeks. Amazing range to trade. What do you think?
Muthootfin fut is taking support @ 1348, which is lower end of the range. Without panicking one should buy muthoot here with stoploss below 1348. buy & hold till upper end of the range.
ASIANPAINT - weekly chart looks interesting, the stock has been trading in this channel for the past 3 years. Everytime the stock comes to the bottom trendline, it takes support and bounces back. What will happen this time? Will it take support and bounce or will it break down? Well, time will tell.... but watch out for a good trading opportunity.
Take Entry at 377 to 380 Target 400 to 405 Indian hotels is in the range from 1st June . We should play this range for short term 5% profit. When it will cross 412 we must enter again for 450Rs breakout target. So we have 2 option at this time.
Kotak Bank (W) bounced from 200wema and from strong support range. Buy Kotak 1745 till 1710 for 1765/1790/1825 and 1950. Stop below 1690 on weekly closing basis. Risk reward is highly favourable for swing traders.
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HEY FAM, - As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH). - Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action...
Nifty has formed a range bound movement at higher levels which is indicating more trades in the buy as the market is bullish. 1. nifty tried to break the range but failed on either side so there are lot of orders waiting below the range and above the range tobe executed. 2. sell nifty only when trades below 18577 Sl top of range with target of 18375 3. buy only...
TITAN is trading in reange from past 2 weeks & its trading @ lower end of range which is 2545-2560. Titan pulled back from day's low of 2559 & its defending that level on an hourly charts. Could be bought wih stoploss below 2545 & target of 2620.
NSE:BANKNIFTY had a narrow range based trade today with a minor negative bias. Yesterday's swing low was breached by 13.40, but it does not pose a major scare yet! The pattern may look bearish on the 5mts TF, but it actually isnt. Banknifty is comparatively outperforming the Nifty50 and NiftyIT index for the last 3 days. NSE:BANKNIFTY did not have enough...
BATAINDIA again took support around 1380 & bounced back, this is fifth time bataindia is not breaking below 1380, BATAINDIA is trading @ lower end of range which is 1380. BATAINDIA could be bought with stoploss below 1380(lower end of range) & Target 1445(upper end of range) Extremely Bullish Risk:Reward...
Bharti is trading in a range from past 2 months between 735-795 & its trading near its bottom end of the range. Bharti is buy with stoploss below trading range of 735 & target till upper end of the range.
HDFCLIFE is in a Range since it has been listed in the market and is continuously making higher highs and Higher Lows in a weekly time frame which suggests that it is in a UPTREND and therefore can be bought at the last support level for a potential next upswing. It has come back to its support and further trading at the trendline where potentially it can take...
HDFC Bank Unable To Break Their Previous Resistance Zone ~ 1670. Sell Near ~ 1660,1670, With Stop ~ 1680, Target ~ 1590, Expected Target Feb Expiry.
Nifty is trading in a range of 18200 and 18700. Currently price is close to support so 18200 looks a good buy. Cheers, priceNpedia
Nifty November series has seen a decent up tick Observations - In the last couple of days above 18200, Volumes have dropped - 18180 is an important level to watch out for the November series Important levels to watch out for on the lower side 18180 / 18133 / 18036 Important levels to watch out for on the upside 18228 / 18304-18323 odd levels With...
BSE:RESONANCE Range-bound trading strategies involve connecting reaction highs and lows with horizontal trendlines to identify areas of support and resistance. The strength, or reliability, of the trendline as an area of support or resistance depends on the number of times the price has reacted to it. For example, if the price has moved lower off of the...