UPL Eliott Wave Analysis - UpdatedUPL is at almost perfect buying price around above 400 till CMP . Target and trend analysis is shown in the chart.
Good for positional trading until 725 (approx. 40% return)
W1, W2, W3 Denotes Levels on Weekly chart for investment purpose
D1, D2 denotes levels on Daily chart for positional trading purpose
Resistance_level
UBL NEAR RESISTANCE 1HRUBL is currently trading at resistance point. It is the 3rd time it has come to the resistance and has been halting there for a while now. There are chances of UBL giving breakout in the coming trading sessions. You can enter the trade when the price crosses the high of the breakout candle in 15min timeframe and keep SL as the swing low. You should plan SL for every trade before entering it. Risk management should be your top-most priority in the stock market. Money saved is money gained. Happy Trading!
Triangle breakout on cards - 340 targetPrice gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
Go Long if breaks 1.84500, price nearing resistancePrice after a big fall trading in a range market, it is trying to break 1.84500 levels which is considered as strong resistance levels for the last 4 months. Now once again price is trying to break this levels and plan your long trade if breaks the resistance levels.
#Oct16 - UBL (intraday+swing) - Major ResistanceWe could see a good in this stock as the stock has been continiously testing the resistance at 980. Also their is chance for a breakdown below 960.
Buy above 980
Sell below 960
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
MARUTI on a high stock analysis:Maruti has already made a double top pattern previously followed a continuous move towards up, and formed a curve where buyers and sellers were both confused where the direction of the stock is?
After forming a double top pattern the stock has moved towards down direction.
At current level it is forming a disjoint channel, and the stock is moving near the resistance line. Till now buyers were more active the stock has moved to resistance line buyers may fear to invest and stock price will fall.
We can expect falling price till 6366.
To be in safe side if there will be up break the price will be bullish 7351 above.
BUY - if closes above 755.Price travelling in a parallel channel and after taking the support from the trend line price unable to move above 750 - 755 levels once if price breaks this levels then the channel top will be the target.
Closed above strong resistance 155.Price after taking the support from the parallel channel went up super bullish and reached the channel top in 3 days, that is almost 20 points move in three days.
But now the price reached the top of the channel and going long here is not a good idea. Those went long at the support might wait for the break others must wait for the 165 levels.
Channel pattern exactly at resistance.Price as discussed in weekly time frame ( related ideas) rejecting from the trend line, as said after confirming the rejection we can go for short trades.
AS seen in the pic price is forming a parallel channel pattern at the weekly trend line which is the rejection levels, wait for the channel break and enter the short trade.
If channel breaks up then the above analysis is invalid look for long trades, don't jump in long trade immediate.
Britannia , xxDDBritannia is currently in the uptrend only , given weekly breakout recently , Remember not to be shorted as target remains 4130/ 4500 positionally.
TIP - MAKE YOUR CHART SHORT AND CRISP TO UNDERSTAND TO TRADE !!! :) Complex charting is always done to show off the knowledge !
Happy trading !