This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart:
1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on ...
This is daily chart of KOTAKBANK (CMP : 1132.15) on NSE (INDIA). In my opinion, it's a good opportunity for a long trade. Opinion is based on following observations on the chart:
1. Support zone has been marked on the chart which is indicated by multiple supports/resistances using arrows.
2. Trendline drawn on the chart has been tested several times (marked by ...
Buy Entry 200 - 205
Stop loss 168
Minimum Price Target 248
Risk to Reward 1 : 1.50
24% Up Side potential.
The Recent move is supported by Higher Volumes. (Trading volume can help an investor identify momentum in a stock and confirm a trend. If trading volume increases, prices generally move in the same direction.)
in monthly, round bottom pattern forming here, neckline comes around 600-610 level, after successful breakout 1000 is the pattern tgt.
so 1st tgt - 600, 2nd tgt - 1000, long term tgt - 1800.
so whole sector can be a 4/5 baggar in the next 8-10 years.
In weekly, double bottom formed then breakout happened above neckline, also round bottom formation is in progress,
also candles are pushing the upper BB upward and BB is expanding
with a sl - 93, 1st tgt - 132, 2nd tgt - 168, long term tgt - 229