Price took support from the channel bottom and rejected from 165 levels for 3 months inside the channel and now it breaks the resistance and closes above 165 range which means we can go long for the channel top as target.
The resistance level is being tested many time in lower time frames and daily chart show flag (and also breakout pennant) which suggest long oppurtunity for long term.
For short term the price may go down from the resistance level and hit the target as I mentioned earlier.
MOMENTUM TRADE IN BANKBARODA
VIEW
-THERE IS RISE IN OI +RISE IN PRICE
-PIERCING LINE
-CLASSICAL PULLBACK AFTER BREAK-OUT
CHECK PREVIOUS IDEA
TRADE VIEW:-
DEC FUT
BUY@104.5
STOP@100
TARGET 1@109
TARGET 2@115
TARGET 3@121(POSITIONAL)
LOT:4500
QTY:2
NIFTY LONG TRADE BUILT-UP
SINCE WE HAD DISCUSSED IN THE LAST CHART IDEA
WE ARE BUILDING NIFTY LONG TRADES IN F&O
NIFTY TRADE IN FUTURES
PLEASE NOTE RATES ARE ACCORDING TO SPOT
PLEASE ADJUST FOR FUTURES AS PREMIUM ARE HIGH
BUY@11730-40
STOP@11660
TARGET 1@11845
TARGET 2@11948
ALL TARGETS ARE EXPECTED TO REACH IN THIS WEEK
NIFTY TRADE IN OPTIONS
CONTRACT:-11900...
BTST IN SUNPHARMA
ADDED NEW POSITIONS SECOND TRADE IN SUNPHARMA
STOCK HAS BROEKN ABOVE 432 AFTER VERY LONG TIME
SUPPORT RAISED TO 434
JAN FUT TRADE
BUY@447
STOP@434
TARGET@460
LOT:1100
QTY:1
PLEASE NOTE:TRADE REPEATED
LOOKING GOOD ON THE UPSIDE
SWING TRADE IN ESCORTS
HAS FINALLY BROKEN 710 ON FUTURES CHART
AFTER A MONTH
BREAK OF RESISTANCE +RISING OI (12%)
JAN (FUT) TRADE
BUY@723
STOP@711.5
TARGET@740
LOT:1100
QTY:1
BTST IN SUNPHARMA
STOCK HAS BROEKN ABOVE 432 AFTER VERY LONG TIME
CRUCIAL RESITSTANCE IS NEAR 460
JAN FUT TRADE
BUY@435
STOP@424.5
TARGET@455
LOT:1100
QTY:1
NEW YEAR TRADE
GLENMARK MOVING HIGHER
IIF CLOSES ABOVE 692 IT WILL MANAGE TO WEEKLY RESISTANCE
WHICH WILL MAKE SURE THAT IN COMING DAYS A TARGET OF 720
AND 740 IS OPEN
JAN FUT
BUY@700
STOP@695
TARGET 1@720
TARGET 2@740
LOT:1000
QTY:1
