Bullish on Wipro for the long term coz: 1. Rounding Bottom Pattern in Weekly TF. 2. Crossing 200 dema 3. Breaking 10-month-old resistance 2nd time in a daily timeframe with an increase in volume and holding on 4. Trend: UP Trend in daily pattern; making HHs and HLs over daily TF trendline **BUY @ 417 **SL @ 395.75 **TGT 1 @ 610 **TGT2 @ 720 **Holding Period is...
Nifty analysis : Two confirmations of shorts 1. TrendLine Rejections with above avg Volumes 2. Rsi Divergence upon follow up - Trade ideas 1. Low Risk - Low Rewards _ High Probabilty (CREDIT SPREADS) TRADE IDEA : SELL 18200 & above calls SEP expiry & BUY HEDGE 2. Low Risk - High Rewards _ (RATIO) TRADE IDEA : SEP - Monthly Expiry BUY ATM 17600PE -...
Beautiful number of confluences have been shown by NAUKRI 1. Support of the 50EMA 2. Support of the trendline 3. Break of 200EMA 4. Very favourable and quick risk to reward ratio All this was done on above average volume making a high probability for a long trade. Target should be at the next level of confluence 4881. Keep It Simple