Supply Zone is one from where extreme sell off happens . It's a zone where the sellers are extremely strong , defeating the buyers and pull the prices down. On this chart , we can see that here has been an extreme sell off from the supply zone , on two instances . This is third time , the price is approaching the Supply Zone/Resistance again with weak sellers. The...
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I will buy RECLTD because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 132/129
Target : 155
Stop loss : 125
#TFCILTD
NSE: TFCILTD
Long Term Investment
CMP 75.55
Target : 108.85
SL : 67
Timeframe < 60 Days
Can hold for longer time
Factors:
Trend Following
Inverted Head & Shoulder Pattern.
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE...
Weekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern...
Rec is trading below 200 ma and it’s has given good reversal from Fibonacci 61.8% level. We also drew the resistance line and we observed increase in bearish pressure(selling) at resistance level. For next week or coming days we can see double bottom pattern but for this week look for short opportunity. Trade safe
NSE:RECLTD made an uptrend and made a consolidation . Now the stock breaks the consolidation, it is now starting an uptrend again .Expecting 10 percent profit .
