BTCUSD BTCUSD (DAILY):- FALLING WEDGE BREAKDOWN (Inside Rising channel breakdown also) for Target 44850
Risingchannle
VIP#watchlist
#VIP (Daily):- BUY ABOVE 420 FOR TARGET 530 TARGET SL BELOW 375 DCB
#Disclaimer:-I just shared view for only educational purpose.
#priceaction #vip
#BREAKOUT
TCS - Triangle Breakout In Rising ChannelTCS breaking out of a triangle and the price is moving in a rising channel.
Go long as per your risk appetite and capital management.
Buying breakouts offers a poor risk-reward ratio. So it's better to look for a suitable risk-reward before trading.
HDFC at lower level of rising channelHDFC is now at make or break level at lower level of rising channel.
if take support and next day formed bullish reversal candle then again move toward upper level of rising channel.
# learning idea
Bharti Airtel | Supply zone - Bulls still possess strength?Bharti Airtel has been on a good run recently. Technically, it's trading along a rising channel. The current price i.e. closing price on 4th Jul of around 362 has run the stock in to a strong resistance area spread between 360 and 365. For the recent bull trend to sustain, a break in closing basis above that resistance area is critical.
From technical stand point, right now it is an opportunity to sell short with stop above 365 and that sounds good from Risk-Reward perspective as well. So one can very well opt for that unless that area is breached as said. In the case where the resistance area is crossed, the bulls will continue steadily and the acceleration can even be higher considering the strength of that mentioned level.
Taking the above points trade plan can be as follows,
i) Sell short at current level with stop (closing basis) above 365.
ii) Long if price closes above 365 (eventually short sell's stop would be triggered) and place stop below 360.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
ICICI Bank | Rising ChannelICICI Bank trading through a rising channel. 435.5 to 436.75 region seems like a good support zone and that can be expected to hold on well. Once if price breaks above 444, we can expect a quick move to 450 and even beyond. Demand areas noted in chart.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Axis Bank | Bounced off Rising Channel support - DailyAxis Bank bounced off from rising channel support at 760. That price also seem to be a horizontal support area. If the stock holds on to the channel we can expect a considerable move upwards. Notable resistance is at 820 area where life time high falls as well.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
