DMART | Previous analyze failed as SL hit. Since it looked H&S slightly dint wanted to keep bigger stoploss.
Now this pattern seems little convincing with good risk reward again. Can see 19% if things goes as expected 😃
CMP : 2026
SL : 1920
Target : 2375
1:6 risk reward setup
Diagonals provide a tight zone of Entry and Exit.
Here the Risk Reward ratio is 1:3.
This method is straight forward with easy identification of risk and reward.
Any guesses, what those question marks are?
Could be a stoploss!!!!
I Have done A Analysis on line chat today , hope you guys will find it useful for trading
Targets & stop-loss are already mentioned
DON'T forget to check out the related ideas which I have posted down below
FOLLOW & LIKE if works & COMMENT
INDIACEM | Sort of Wedge & Flag (Weekly) patterns.
-20% potential is there upside.
-Risk reward is good before the breakout.
-Taking good trendline support
-1:4 risk reward setup
CMP : 118 (Good buy upto 115)
SL : 110
Target : 140
Weekly Chart - Broke the previous solid resistance and stable upside now.
CMP : 590
SL : 550
Target : 800
Beautiful 1:5 risk reward setup. Looks good for accumulation, since it is weekly pattern it may take few weeks to month to reach the target.
I love F&O stable stocks like this which respects proper support & resistance , so that we can create some option...
EXIDEIND | W Pattern & RSI Divergence - Despite huge broad market selling pressure i see this stock is having good risk reward for long.
CMP : 154
SL : 150
Target : 168, 175
1:3.5 Risk reward
(P.S : Have shared atleast 110+ charts in tradingview community and i used to put a google spread sheet link where i have the records analytics i post with the live...
Buy Cmp 3037
Reason for choosing the stop loss is that from march lows the start of the trend line its making only higher lows. So can go long when it comes close to trend line with a stop loss of previous low.
ITC is holding up quite firm. Stock was in uptrend all the way till August.
However rally has been seeing exhaustion and stock is consolidating in a narrow range between 50 and 200 EMA.
Consolidation usually leads to big moves. Directions though are not specified.
50 EMA is strong support whereas 200 EMA is strong resistance.
Stock is respecting the trend...