This is a theoretical setup corresponding to my educational posts: Please follow, learn and enjoy the price action. Hit Like. Trade Safe. Regards Bravetotrade
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. Trade Long: Buy above - 263.50 Target 1 - 268 Target 2 - 275 Stop loss - 257 Trade Short: Short below - 257 Target 1 - 250 Target 2 - 253 Stop loss - 263.550
ITC trading in the range between 270 to 290, again its bounce from support zone i.e. 270 buy for the target for 290 keep stop loss below 275.
NIFTY is rising taking a breather which generally strengthens the rally. The move above 9455-9460 might see fresh momentum going into the new league.
The price action on weekly chart indicates a consolidation between 26-36 price levels (10 points range) where currently the stock is trading at the lower side of range. This week closing shall decide further direction in price movement. Keep it in your watch list to gain best out of it on time. I would also appreciate any feedback on it to bring clarity to our...