Glenmark has shown a bullish reversal on the back of very large volumes. If this trend continues, it could possibly be the bottom for a long time to come. Long can be initiated for a medium term trade. CMP: 350. Target 1: 500. Stop Loss: 310.
this chart is shared how to analyse trend and its possibility to continue its trend or reversal
This Classical Pattern does not require any explanation. Just posting for my friends to take the trade accordingly.
The stock has formed 3 Drives on Bottom pattern and is in deep oversold zone. It has formed bullish engulfing showing a potential reversal therefore one can go long at this level with the recent low as Stop Loss. One can expect the 68 as target. It offers a healthy risk to reward ratio of 3. The defensive trader should wait and enter once it starts trading above...
#PNB Rsi divergence in the daily TF. also trading at key resistance level of 68. MACD is also showing a buy here. Will be good buy @68 with 65 stop and 74 profit booking.
The price is clear in downtrend and forming lower lows. Volumes are increased at the bottom and RSI is trading above the Oversold mark. Those who want to prefer an entry at the lower level could try a long here with the recent low as Stop Loss. One can look for a 10-12% retracement move from here. Disclaimer : All ideas are my personnel view. Please take financial...
Please Consult Your Financial Advisor Before Taking Any Decision. Educational Idea NSE:BEL long setup on 1h zone, entry at 92.65 with 1 point SL and 2 point TP Note: Always risk 1% of account size per trade, adjust the position size accordingly.
The stock has nicely formed the double bottom reversal pattern so one can expect that the long term downtrend has been reversed for time being. It has retested the neckline yesterday and bounced from that level. One can buy the stock now with the SL of low of today and continue with the trade for the target of 472. It offers a good Risk to Reward ratio of...
The stock is in deep downtrend but has made a Victor Sperandeo 2B Reversal Pattern with RSI Divergence therefore it looks good for trading/investment. Traders can enter a long at current level with SL of recent low which is quite affordable. One can easily fetch 2.5 - 3 times reward of the risk being taken into this trade. I know that following the trend is...
Lisk to Bitcoin pair is showing some serious momentum shift in the price actions. Oscillators are indicating a strong upcoming momentum swing high what might be round the corner. Golden Cross is right around the corner, buy pressure is building up across a lot of exchanges. I'm going to keep a close eye on this one. This thing is going to pump hard in the mid term!
Axis Bank had been on a good bull run tracing a rising channel. Strength in bulls looks to have lost steam where it couldn't make new highs. Right now, looking at the chart we could identify a Double top pattern with neck level at 760. Yesterday's close below the neck level has confirmed the pattern and it would be right to take bear bias. However do look for a...
Beauty of big M pattern is the good reward potential of reversing the complete trend from where it has started. We can see that stock has formed the pattern nicely and with little luck one can expect the price to the level of 90 which is a good reward. Stop Loss I leave at your discretion on your risk taking capacity. Disclaimer : All ideas are my personnel view....
Double Bottom pattern observed in Tata Chemicals. Neck level was broken in second week of May thereby confirming the pattern. The recent fall could be counted as neck level retesting. In that case the stock will move up to 672 where the pattern target falls. However, a trendline still holds and we could see noticeable resistances at 635 and 658. A break above 635...
NIfty Gap Covered. RSI Oversold. 9 consecutive days Red Bars. S1 @ 11070. High RTR.
M NSE:TVTODAY MORNING STAR PATTERN AFTER LONG DOWN RALLY TREND REVERSAL ACTIVE BUYERS ENTER FOR BUYING
NSE:CANFINHOME
Analysis:- - After a sufficient fall, we see Dabur fighting and denying to break the downward support of 400 for the past 6 trading days. Today finally a green indicating a probable bounce back from these levels on the trendline. - Looking back at how it fared with bollinger band shows a higher probability of reversal when it touches the lower end of the bollinger...