Retracement
Ashok Leyland - Looking Good for Swing TradingAfter the retrace this stock can show an up-move for swing trading.
Manappuram Finance Breakout! NSE:MANAPPURAM Manappuram Finance Breakout
Breakout from a consolidation. Bullish.
Good Risk to Reward Ratio.
Will buy if takes support and moves further.
I would appreciate your thoughts on it.
PS. - I am not SEBI registered. This is for analysis and educational purpose only.
AU SMALL FINANCE BANK LONGOPEN THE CHART FOR ANALYSIS WITH EXPLANATION
FOLLOW FOR MORE SUCH IDEAS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS.
LT - Inverted Head and Shoulders Pattern NSE:LT
LT - Inverted Head and Shoulders Pattern / Daily TF / Breakout and retracement done / Good to go LONG
IEX TRADE SETUP FOR TOMORROW (22nd July)After breaking the 424 Resistance, IEX give the good move till 450.
.
But yesterday the stock retraced so there are two chances in the scenario.
.
As you see in the charts 424 is strong resistance in the previous week's now its a support level.
.
1. If IEX break the support of 424, so we can see the downside till 413.
2. On upside if stock is goes above 432, then we can see the good upward momentum.
.
What's your view on this comment below in the box.
ASIANPAINT Trade Setup For Tomorrow ( 22nd July)So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it.
.
1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068.
.
2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share.
.
So for tomorrow, there is a simple Strategy, Asian Paint share will retraced till .5 level mean till 3106 or 3083
.
At the retraced level you should buy for the targets of 3270. .
.
Note: Don't buy in the morning maybe after making one green candle stock will retraced, so buy only once it retraced.
.
What's your view on this comment below in the box.
Buy as Demand for Bajaj AutoCup and handle chart pattern formed.
Fibonacci levels shows price retraced 50%.
Current market price at a demand zone and touched a well respected trendline.
Go for a long position and keep a target Rs.4600
KOKUYO CAMLIN LONGChart is self explanatory
FOLLOW FOR MORE SUCH IDEAS!!
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!!
DABUR LONGChart is self explanatory.
FOLLOW FOR MORE SUCH IDEAS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
NAUKRI (INFO EDGE)- UPTRENDNAUKRI BULLISH VIEW (UPTREND) CURRENTLY RETRACING UP TO 61.8%.
BUY AROUND- 4650 TO 4700
BUY TARGET- 5100 & 5500
AXIS BANK LONGChart is self explanatory,
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
THANKS
Indusind Bank Trade Setup For Positional Trade (28th June)Indusind Bank Trade Setup for Monday.
.
So on tomorrow indusind Bank share can give the correction till 1003.
.
If it break 1003 support then 995 is a strong support.
.
You can do a positional trade for the level of 1050 in this.
.
What your view's comment below.
#Banknifty Trade Setup For Monday (28th June)So you can see in the charts you Banknifty give the good move from 33900 to 35285.
.
And then retraced at .5 level 34525 and then again goes up till 35497.
.
So on tomorrow Banknifty can retraced till the level of 35011. So be ready for it.
.
What your view's comment below.
SBI Card is approaching the zone—upside potential of 15%+?NSE:SBICARD has approached the 200SMA on Daily chart and is not too far away from 50SMA on Weekly. As highlighted in the chart, we can see a confluence of support zone and FIB level.
A confirmation candle might be needed, but it looks like an interesting long setup, especially if 900 is retested and held. Target can be around ATH which is ~15-20% away.
Price action in this stock tends to be a little choppy, so best to be alert.
HDFC.. Positional buy After a good breakout HDFC has corrected so much. Good price for a positional buy.
#Nifty Trade Setup For Monday (21st June)So market has retraced at the level of .6
.
Rsi is 57 so it means at that level market can goes up.
.
Upper side resistance is 15759, so maybe Nifty can touch this level and can reverse.
.
If Nifty break 15759, so it can give you the move.
.
You can also share your views in comment box.
.
TCNS BRANDS LONGChart is self explanatory
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
MINDA INDUSTRIES LONGDaily charts of Minda Industries shows breakout from a crucial range (purple). After that a retrace is being witnessed. Retrace is expected till the purple zone.
Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation breakout, confirming bullishness!
Buy after retrace ensuring a confirmation candle.
Targets (buying around 614 after retrace) can be 678, 708, 740
STOP LOSS: 601
RSI correcting itself hence upside expected
Risk- Reward favorable
MACD bullish
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
BOMBAY DYEING LONGBreakout on daily charts with brilliant volumes.
Seeing some selling pressure currently. Good to buy if sustains above 96.50 today.
Add on retracements (after bounce back form retracements, add more)
ENTRY: Above 96.50 (if sustains)
Targets: 105, 115, 122++ (obeying the path marked)
Stop loss: 91.30 (Considering buying around 96.50)
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
THANKS
JUST DIAL LONG4 year old trendline breakout with good volumes and sustainability above the breakout zone.
Entry: CMP (Retracement may be seen, so buy half quantity here)
Targets: 1174, 1290, 1380
Stop loss: 935
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
