ONLY Above 796
Target 1 = 832 4.5%
Target 2 = 873 9.6%
SL = 775 2.5%
In the absence of breakout wait for entry near the base of rectangle
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
(1) Upper Parallel Channel in Daily Chart,
(2) Cup n Handle Pattern in Daily Chart,
(3) Volume in Accumulation Phase.
(4) Volume as above average.
(5) Point of Control(P.O.C) : 55.25 as in Volume Profile.
(6) Rectangle Pattern in Daily Chart
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours...
BREAKOUT TRADE IN HDFC
HDFC NEEDS A BREAK ABOVE 1839
ON HOURLY OR 30-MIN CHART
LOWER RANGE IS PLACED AT 1780
UPPER RANGE IS PLACED AT 1839
I AM LOOKING A FOR A FAST MOMENTUM BREAK TO 1870
WAIT FOR CONFIRMATION
PRICE SHOULD CLOSE ABOVE 1839
TO GO LONG
BANKNIFTY TREND SETUP
-what is visible right now on banknifty is a rangebound movement
-where the floor is in between 19800-19700
-where the ceiling is in between 20630-20655
-if banknifty breaks 19700 on the next attempt
-banknifty may qualify for "triple top formation"
NIFTY TRADE SCENARIO
-avoid taking directional trade today as we have expiry
-wait for a...
Bank Nifty has formed a beautiful channel which offers a short trade at current level as it has touched the upper boundary and traded above it but closed below and the red candle have confirmed it. So One can short it at the current level with SL of recent High. It offers a good Risk to Reward Ratio.
As per chart pattern, Buy possible above 347 on closing basis only with SL 321~ 320 and Target 355, 360, 370 / 374
(Targets possible after stock trading above 347 and sustain only).
Posting for Educational purpose only
Closing Basis means: Stock should be trade above 347 from 3.15~3.30 pm as well as close day >347
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING...
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...