Get started

Reversal

Will LUPIN be mooning soon? Buying opportunity & analysisFirst of all, let's understand the current structure, LUPIN is currently making flat Bottoms so yes! a double bottom is in the making. Here RSI which is forming higher highs higher lows structure basically contradicts the price which is forming flat bottoms so this is what a bullish divergence looks like! So now we will plot Volume profile which shows highest traded zones over the chart and the current zone comes under the highest traded zone. Another term POC (point of control) which signifies the particular price level and it's 979 and according to simple price volume analysis we know whenever POC is broken by bullish candles it indicates that bulls are now back in power so this is our third confirmation. Look at the volume expansions in the area so I've made my point clear here. Now, To Summarize! we can enter above 991 (safe entry) or otherwise right after breakout of POC with a strong bullish candle with volumes. SL Below 915 (Logic; if the bears somehow returns we've a strong support at 917 so in this case a SL below the 915 would ensure that our SL does not get hit and after that a triple bottom might form but the chances of this scenario are less but still always have a backup plan. T1- 1144 T2- 1246 Logic; based on prev . resistance zones. I hope I made this setup easier to understand. Feel free to ask any queries below. Happy Investing!
NSE:LUPINLong
by UnknownUnicorn21160479
31
Bharat Forge Long opportunityNSE:BHARATFORG Hello All! Bharat Forge has been consistently following the lower channel trendline since April 2020. It came on its trendline and has shown a strong bullish swing reversal with healthy volumes.The trendline 1 which depicts how the stock was falling has also been broken. This I believe has generated a good opportunity to go long! Along with the price action there are other reasons to go long as well: 1)The stock is has broken the 50 day EMA and is now trading above it. 2)Along with the lower trendline, the stock has bounced back up from a strong support zone. The Reward to Risk ratio also seems good! Do let me know your views on this *NOT A CALL*
NSE:BHARATFORGLong
by Traders_Town
2
BANDHAN BANK | BULLISH AB=CD PATTERNAs price continues to make lower lows & lower highs, an AB=CD pattern is observed. The C point is a 78.6% retracement of the AB move, while the D point is at a 1.27BC extension. A Potential Reversal is anticipated from the D point whose completion point lies at C (minimum). Plus a candle engulfing the previous 4 candles in the PRZ is a favorable indicator. Note that an Engulfing Candle body 'engulfs' the body of previous candles, ignoring the wicks. A long trade with buy above high of the last candle ie., 290. with a targets of 350 ( C point) & SL of 255 is a good RR setup. Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation. Thank you & Wish you all a successful trading week!
NSE:BANDHANBNKLong
by Divergent_trader
3
Analysis for Bank Nifty -This is how I see Bank-Nifty view for longterm like 2 weeks . We can buy a Hero-Zero of "37400CE 23 Sep" so we can have a nice big target -First target is 37000 second can be 37200 & Third can be 37400 ,But if market Break the level of 36946.60 then i will go for a long till that time i will wait :))) the reason of this longvision is " we had saw an all time high at 15 Feb after that market had gone in a "Consolidation zone" this is why i an hoping a nice good game in this 15 days A retast had also come in a bigger time frame like 4H Now no one can stop this rally if it touch the level of 36946.60 BEST OF LUCK BANKNIFTY NSE:BANKNIFTY
NSE:BANKNIFTYLong
by AHMED_SMC