BHARTIARTL | Can we call it as Cup & Handle formation?
CMP : 528
SL : 495
Target : 600
I'm going long based on,
1) RSI positive divergence with price consolidation last 11 trading days
2) My visualisation of Cup & Handle ( Although it is not formed yet)
3) Simple 1:3+ risk reward setup
MINDTREE | Flag above the channel - But stretched above the area of value. However the flag consolidation looks convincing for 20-25% ahead of the results.
CMP : 1979
SL : 1920
Target : Open or Minimum 1:3 or Flag pole length size which is 25%
BANKNIFTY | Looks like losing momentum
Aggressive players - Can try shorting near 29550 zone, with small SL.
Conservative player can short below the channel.
Double Top, RSI Negative divergence - HDFCBANK looks weakening.
COLPAL is an upwards trending stock.
It is struggling to breakthrough its weekly resistance ranging from 1440-1455.
It has though formed and Inverse HandS pattern thus an up move can be expected from current level as we see quite a number of downward rejections by the stock.
Intraday traders: Enter the buy positions at 1425, 1420, 1415 with...
Accumulate close to triangle slide if opportunity provides
Target = 1690 = 5.6%
SL = 1470 = max 2%
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
DHFL it has fallen from 680 levels to Rs,5. and moved from 5 to 18. This is a very risky trade and not a short term trade. Since last year DHFL had stopped giving loans to customers and sacked most of the staff. Some of friends are and were working as branch managers in DHFL since last 5 to 6 years. As of now DHFL has started giving loan to it customers since june...