NSE:SHAKTIPUMP Broke above the longterm resistance level 750-770 level on 14th October with an exceptional volume. The stock has revisited the said zone in the last two days and withstood it. Idea is to go long here with 680 as SL and 880 as Target for short term
price can give a good bounce back from here, anticipating a trend reversal from the current market price R:R(Risk:Reward)= 1:2 A good trader never predicts a move in stock market because nobody can predict the market. A good trader anticipate a move through his technical and fundamental analysis . And there is no 100% sure trade, there is always risk involved....
Tech Mahindra , one of the IT giants , may move up soon and break the resistance level. It has retested the resistance or the supply zone multiple times, now when there is a breakout of this zone and if it is supported by big volumes , one may go long . Also, we find a bullish marubozu candle near the supply zone which indicates that buyers are strong , but one...
RESISTANCE BREAKOUT IN AXIS BANK FUT TRADE BUY @680-690 STOP @675 TARGET@700-705 LOT:1200 QTY:2
POSITIONAL TRADE IN ICICI BANK APRIL FUT BUY@401.5 STOP@392 TARGET@410-15 LOT:2750 QTY:3
BTST IN INFY ON CONDITIONAL BASIS MUST CLOSE ABOVE 746.5 ON CLOSING BASIS JAN FUT BUY@747.5 STOP@737.5 TARGET@760 LOT:1200 QTY:1
BTST IN ICICI BANK JAN FUT CORRECTED TO INITIAL BREAKOUT LEVEL GOOD RISK-TO-REWARD RATIO FUT TRADE BUY@372 STOP@ 369.85 TARGET@378 LOT:2750 QTY:1
BTST IN AXIS BANK JAN FUT CLOSING ABOVE 660 +RISING OI INITIAL WILL HEAD TO 680 BUY@665 STOP@655 TARGET@680 LOT:1200 QTY:1
Resistance becomes Support and Market taking Support at 61.8% retracement