Buy Level = 400-405
Stop Loss Level = 395-398
Target 1 = 425
Target 2 = 450
It can fill the gap but please book 50-60% profit at Target 1.
Please comment and let me know if you have any other ideas or observations or queries. Please feel free to reach out to me on Trading View.
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
*DISCLAIMER*
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
Long opportunity:
Buy above Clear all Breakouts i.e. 62.50 :
Target : 87.25
Stop Loss : 50 (Day Close Base)
Risk is yours...
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.
Entry 20800
SL 22150
Target 17200
Risk/Reward Ratio...
Tata Motors is following a disciplined rectangular channel for long time. An upside breakout has been seen in recent and another one is expected soon.
Long when channel breakout happens successfully.
Well i see a Bullish rectangle for short term.
I would buy around 124 for target of 128..resistance expected around 126.50 levels...but once it crosses we may see 130 levels as well
FEDERALBNK MOVE RECTANGLE BEARISH PATTERN POSSIBLE MOVE IN DOWNWARD KEEP WATCHING...
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...
