PNB has crossed very crucial levels in historical price action move. The stock has been in uptrend as past few weeks and has completed a text book definition of Double Bottom. It has successfully breached the neck-line and retested it with a daily gains of over 5%. Stock last traded on such valuations in 2003 and this is a golden chance to build long term...
Indusind bank takes the support at lower trend line and forms the Morning star pattern. To confirm this reversal volume also increasing and Reversal takes place at 38.2% Fib level. This is the high probability trade with RR ratio of 1 : 3.5 Place your SL below the swing low of 784 and place your 1st target 982 and 2nd target as 1075. Before enter the trade do...
LT | Back to buy zone based on previous week support CMP : 906 (Can buy upto 880 - Trendline Support) SL : 870 Target : 1000 Almost 1:3 risk reward
Trade with proper money management. Educational Purposes! Comment below for any queries.
Low risk, High reward long trade. Long at any pullback. I am looking for a slight correction for an entry point. Optimal price range: 131-134 Target- 195-199 Stop Loss: 123 Holding Period: 3 months. NOTE: This is simple technical analysis. Not backed by any fundamental thesis. Trade at your own risk!
COROMANDEL | Breakout after 135 days consolidation, simple channel breakout. Also looks Flag in weekly time frame. Looks good for 18% CMP : 845 SL : 790 Target : 980 P.S : Ideal to enter near 840 zone for better risk reward, hope to see some retracement in a couple of days.
VOLTAS is making a rising wedge pattern. The obvious move will be a break down of the wedge as suggested by the Divergence on RSI. Since price is moving up but momentum is slowing, a correction is expected. This is a short term market move and post a 3-5% correction, stock will continue it's uptrend or go into consolidation. Short below 820. Target 1-...
HAPPSTMNDS | Taking support repeatedly- Good risk reward for 12% CMP : 313 SL : 305 Target : 350 1:4++ risk reward setup
SUMICHEM | Small risky trade - If worked can see 12% - Good risk reward CMP : 275 SL : 268 Target : 310 1:5+ risk reward setup
Breakout done in WABAG charts(LONG). CMP - 207.15 Stop loss - 186 Target1 - 217 Target2 - 227 Target3 - 250++
L&T | Forming a Flag pattern with long time weekly support. Breakout from the flag can give us 16% immediately. CMP : 1114 SL : 1080 Target : 1280 1:5 risk reward setup
JINDALSAW | Bullish from trendline support - Can see 15% CMP : 61 SL : 58 Target : 70, 78 1:4 risk reward (First target)
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
INDHOTEL | Trendline support and Looks good for 25% CMP : 93.25 SL : 89 Target : 120 Almost 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
RELIANCE | Lets see if Ambani brings some more investment to his company this weekend 😃 Good risk reward setup (1:4) - Smaller time frame CMP : 2235 SL : 2205 Target : 2360
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