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RPower: support zone & breakout retest confirmation {Bullish}RPower CMP 48.50 Last time, we were able to capture the stock movement right from 36.80 levels to 62 levels where we highlighted the zone of 58-62 being important The stock has come down exactly from same levels... At current levels the charts suggest the stock is back at important support levels & zone of 45-48 may act as strong support ... Buying at current levels & on dips towards 45 can be considered Target 82 / 108 levels Take care & safe trading..!!!
NSE:RPOWERLong
by indiamarketoutlook
Bata: Dancing On The CloudsThe stock broke out of a long term resistance near 610 on higher timeframe charts. Overall market correction may push the stock down to retest 610 zone again, which may now act as a support. This zone coincides with the rising channel trendline. I also expect that by the time the stock retests that zone, the 55 EMA will also be there (hand drawn on the chart) to provide extra cushion. So at the 605/615 zone, we will have the confluence of potential horizontal support; channel trendline support; and supposedly the 55 EMA. The stoploss for this trade would be 580 and the targets would be 647, 660, 680 and near 700 . Hit like if this information can be useful. Trade Safe. Do you own research before trading with my ideas. Regards Bravetotrade
NSE:BATAINDIALong
by Bravetotrade
Nifty : Which way for the Day...Good Morning ! There are 3 possible scenario's in Nifty, but if we have to go by logic retest of 9580's sounds valid but we are unsure whether Nifty will give us what's expected. The potential chance of Double Bottom around 9480's will be spoiler if market opens gap down & breaks the level, then based on aggressive entry's aim for 9400's-9380's zone as targets. The other scenario being, we are getting good open around same range as yesterday close & Nifty moving down forming double bottom retest 9530's zone then heading down. These are the various potential scenario's awaiting to emerge in Nifty, I hope Nifty won't do anything out of syllabus for the day, act accordingly depending on any of these scenario evolving during the session. Just one last point, if Nifty opens Gap down & we get good entry at double bottom to retest previous 9580's, then it will be too good, too much of expectations that will be. These are not single day scenario's, just for day or two. Happy Trading !
NSE:NIFTY
by InsiderB
7
Nifty : Who can Tame Bulls during Bull Stampede, Anyone ??Note : This setup is only for Aggressive Traders, if you are conservative trader please stay away. Enter only on valid Break of trendline, use stops wisely Remember if we short now, we are standing in midst of Bull stampede. Nothing Scary,Never Fear just Trade the Plan ! The above wordings deserve a repeat bcos of highly risky trade setup. Now two scenario's possible : Scenario 1 : Break of Trendline... Go Short with proper stops Scenario 2 : Retest of Trendline, Initiate long positions with stops mentioned in chart Whatever scenario happens, check your tradeplan before initiating trade. We are standing against Bull Stampede to tame Bulls (Nifty Short positions) but we can just run along with Bulls on Retest (Nifty Long positions)
NSE:NIFTYShort
by InsiderB
4