On daily time frame, stock is showing really good long setup with a Symmetrical triangle which is indicative of continuation of bullish trend Since , Nifty Pharma is taking on a ride and pharma stocks are hitting through the roof.This will be a good long bet in the bearish Market. Initiate a long trade as soon as it breaks the last high of 2525 with a stop loss...
This is simply to draw your attention , ITC. Low - 134.85 CMP - 151 CMP - Low = + 16.15 Logically speaking, there is a risk of losing 30% and reward 70% for investors as following trade setup: Buy @ 148, and 2nd Buy @ 136 nearby with stop loss below low. The final target for a long run level 220 above, and easy target at 178 . Technically, We will...
Sunpharma has to buck up momentum here. The advances are forming narrow candles, RSI is not quite pulling up, if the momentum fails to pick up in a session or two then this whole move up may be a corrective and a fresh sell off may be witnessed. Bearish view may be negated above 415 closing basis.
For intraday long position Price is heading toward resistance zone Short it at completion of bat pattern . Entry mention on the chart .
Nifty likely to bounce back !! 50% Retracement Almost done Now Ready for next move
ril long at givin point and get book profit. you get 1:4 RR ratio. that meansgood profit. there is gap up so ril come at that given point to fill that gap.
NSE:APOLLOTYRE Expected short possibility on the break above 173 at 174.65 with SL at 176.15 and TP at 171.70 Note: Consult your registered adviser before taking any decision. Always risk 1% of account size per trade, adjust the position size accordingly.
NSE:BHARATFIN Short at 939.75 with SL at 947 and TP 925.25. Note: Consult your registered adviser before taking any decision. Always risk 1% of account size per trade, adjust the position size accordingly.
NSE:SBIN looking for a quick reversal as the stock has moved up 4% from today's lows due to overall index recovery. Expecting a sell from 275.25 with SL 276.55 and three potential targets. More favorable target will be the 1st one as its a 1:1 rr and as the trade is against today's move in a short period of time. Note: Please Consult Your Financial Advisor...
The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days. Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:TCS has a 8 point demand zone set at 2180 that sets up for a long trade at 2178.90 with SL at 2169.10 and tp at 2198.60 Intraday trades should be a 2:1 RR although the move towards 1st tp will indicate the strength towards 3:1. Trailing methodology can be adopted once TP is achieved. Note: Risk 1% of the account size per trade.
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In an uptrend, when you buy in excess below value or somewhere in the bottom half of the value area, the take profit level is always at the control price. When an opportunity arises to buy just above the control, the take profit will be at the value high. The protective stop will always be below the tail of the smaller rejection value area on the lower time-frame...
levels mentioned in the chart key Feb. retracement level with small stoploss
Prices have formed nicely "3 Drives Reversal" pattern and offering a good trade at current level. Entry 74 SL 72.5 Target 79 Risk/Reward Ratio above 3 Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Ashok Leyland has formed double bottom and showing signs of reversal. It has a reasonable PF catching the price frequencies and is available on the LML offering a good entry. It has formed a double bottom with divergence on MACD which is quite reliable setup. Heiken Ashi has turned to Green also. One can buy the stock with the following details Entry current Price...