This stock broke out of its trading range towards downside. It can move further down if market sentiment is negative.
looks like it is breaking the resistance from April, Supporting volume is available as well.
BANKNIFTY TRADE SETUP FOR THE WEEK banknifty saw a crucial break above 20650 last week after a very longtime we saw a close above "21150" which will now act as a strong support on daily chart banknifty next retracement level is never 22050 (38.2%) when compared to nifty banknifty needs to catch up a lot nifty is near its 61.8% retracement level banknifty is...
Eicher Motors has been into a consolidation zone forming a triangle. The last 3 candles are formed with good volumes and today’s session managed a close above the MA. RSI is sloping up after bouncing from 40 levels. A strong breakout from the horizontal level will be positive confirming accumulation.
The stock has been playing into a rectangle from last 4 months, several attempts have been made to breakout but didn’t succeed. The prices are close to support as long as it don’t breakout of the range it’s worth waiting for it. Have a look at the RSI, it also meanders between 60-40 levels in a zone indicating total sideways action.
POSITIONAL LONG TRADE IN CANARA BANK VIEW: -LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS -WE NOW EXPECT BIGGER TARGETS CHECK PREVIOUS IDEA CHECK PREVIOUS IDEA TRADEVIEW DEC FUT/JAN FUT BUY@225 STOP@215 TARGET 1@230 TARGET 2@240 LOT:2000 QTY:5
Larsen and Toubro has been consolidating sideways for about a year and half forming a rectangle pattern. This pattern is finally broken last week. It snow time to enjoy this LONG ride! Happy learning!
BEL has come out of multi week consolidation pattern. Volume on weekly breakout is high. BEL is all set for 124 level with stop loss below 101. Buy around at 109-106 range. Note : We have already bought BEL in our portfolio.
Gillette broke out of a multi-month resistance of around 7110 on Friday with a huge upmove. This is a good sign as it marks a rectangle breakout. However, It is interesting to see if this breakout sustains in near term. RSI indicates a downturn from this range as it did historically from similar levels. As per my analysis, the 7100 levels are important to...
Prices have formed Rectangle Pattern and traded below it decisively. One can trade the reversal pattern by initiating the short trade for the target of 322. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
BTST IN BPCL NOVEMBER FUTURES BUY@283 STOP@276 TARGET@290 LOT;1800 QTY:1
SOME PULLBACK EXEPECTED TILL 27550 TOMORROW IDEAL LEVELS TO GO SHORT ON THE INDEX CHANNEL BROKEN /RANGE(RECTANGLE RANGE BROKEN) SHORT@27550-575 STOP@27680 TARGET@27300 LOT:40 QTY:5 NOTE:LEVELS ARE AS PER CASH/SPOT RATE PLEASE ADJUST IN FUTURES ACCORDINGLY
SWING TRADE IN AXIS BANK POSSIBLE CONSOLIDATION BREAJKOUT AUGUST FUTURES CONDITIONAL BUY BUY@634.5(ABOVE 630) STOP@629 TARGET@650 LOT:1200 QTY:1
SWING TRADE IN TITAN AUGUST FUTURES HOURLY CHART RANGE-BREAKOUT BUY@940 STOP@930 TARGET@955 LOT:750 QTY:1
Guys NIFTY form Bullish Rectangle Keep Watch and get profit on OPTION Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such...