Retracement probability on MOTHER SUMI..In past 6 working days MOTHERSUMI almost gained 30%. Now expect a good retracement.
If MOTHERSUMI giving a gap up opening tomorrow, can expect a high volume of profit booking and obviously scalpers will also comes to market for shorting. That's why am expecting a high retracement !!!!
Retracementtrade
Justdial: AnalysisKeep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout.
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Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
Swing Trading Analysis: CIPLAAfter an All-time high breakout stock retraced to the near demand-supply zone. Now we can see a pullback from here.
Reliance: AnalysisReliance has broken a rectangular pattern in daily time frame and it is at all time high levels and in upward momentum.
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Reason to Buy after Retracement:
1) Pattern breakout
2) Good volume at breakout
Indicator supported this breakout:
1) Bollinger bands
2) Moving Avg.
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Planning on Buying at retracement. Stop loss will be below immediate support level.
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Hault candle possible for near future. Trade with RR Ratio in mind.
Zeel AnalysisZeel is at the possible breakout stage of a monthly trendline in daily as well as 1 hourly time frame.
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Reason to Buy:
1) Healthy 'W' patten break out.
2) Buyers dominance at lower levels.
3) Monthly trend line break out.
4) Increased volume levels.
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Best place to enter at 225.00.
SL should be at previous support i.e near about 215.50.
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PS: Stock is known for wild momentum in the past.
DMART FOR SWING TRADEENTRY :- BETWEEN 1697-1728
SL :- 1551
TARGET :- 2100
Earlier dmart price has retraced twice from levels of 1697-1728 as shown in the figure
It can be a good retracement trade !!
Follow Entry,SL & Target Properly !!
