NSE: HEROMOTOCO
Hero MotoCorp has formed a beautiful round bottom and the strong resistance has been broken. It has already re-tested the line and it may now have a clear move upwards. Suggested for mid-term investment.
Educational purpose only - trade at your own risk.
Good luck.
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ESCORTS has seen multiple Support/Resistance cycles at 1180 zone where we saw this zone turning from support to resistance and to support once again. The stock broke out of this zone last week and has done a successful retest followed by a continuation of the price action. RSI is also in the bullish territory which is a good sign. We are bullish on the stock for...
After rally of Asian Paints and Berger Paints , it may be possible that Nerolac paints could show good momentum. It's PE is around 60 and sector PE is around 90.
Now let's talk about technicals :- Stock has been forming symmetrical triangle pattern and now it has given a good breakout . Stock is now retesting the resistance line. If retest is successful , we can...
Traders, I posted about the sleeping giant before at around 752 and stock has given 12% return after that. Now stock is giving one more chance for those who missed the rally, after the breakout from double bottom pattern it is now retesting. This can be good risk:reward trade considering big targets and so small Stop Loss.
Traders, Lupin has already given breakout from horizontal channel pattern with very high volume and now it has formed pennant pattern . It has also given breakout from pennant pattern and now it is retesting it resistance line. Keep a tight watch at this stock. This analysis was only for educational purpose , feel free to give your feedback/queries.
Tata Motors is the best stock to look now as it is clearly forming flag and pole pattern. It has already given a breakout and it is at retesting zone , If retest is successful this can be a strong Entry . If retest fails don't enter it.
Important point about flag and pole pattern :- After breakout stock generally ( Not always ) goes as much as high as equal to the...
The analysis posted on 31 :) RR of more than 1:1 achieved :)
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🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you...
Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the...
one of the best example of switching resistance zone to support. as stock looks to be in bullish move which moved side ways for some time from 15th of may. Further breaking resistance zone on 3rd June and retested it on 7th again.
stock mostly will move bullish from here, following the previous trend and make high of atleast 10 to 12%.
🔰 MY thought process :
⭐A broadening pattern on the Daily chart :) meeting with fibo extension giving a perfect round number of 1300 which seems to be achievable but in a while, kinda positional setup for me :)
🔰Am I taking this trade now: No---Reason: Already in the trades of Naukri and PPL as posted last time :) also took a small position in Coal India today...
