bajfinance can go short just at the retracement level
Hero Motocorp is trading at breakout levels of 2890.20 in 1 hourly time frame, their is a high possibility of breaking out of this stock. . Reason to buy for a weekly position: 1) Trend-line in the daily time frame is broken. 2) Triangular pattern breakout. 3) Upward momentum with good volume. . Wait for price action then trade, current view bullish. Retracement...
VTL touches fib retracement golden ratio level and moving upside, Target must be 844
Nifty 50 can reach upto 11750 zone and can have a retracement untill it travels between the raising wedge pattern.
Once if break 3700 level, it becomes easy to reach 4000 else a retracement would occur now
THE BREAKOUT FOLLOWED BY A RETRACEMENT IS AN INDICATION OF BULLISHNESS IN THE STOCK. BEWARE OF THE RISK INVOLVED IN TRADING STOCKS AND PLAN YOUR TRADES ACCORDINGLY. THIS SHOULD ONLY BE USED FOR LEARNIG PURPOSES AND NOT AS A TIP. TRADE AT YOUR OWN RISK. HAPPY TRADING!! THE BREAKOUT WAS DISCUSSED EARLIER, BUT THE TREND CONFIRMATION IS SO STRONG. SO HOPE...
AMBUJACEM wait for retracement and then buy at 226.5
HEROMOTOCO wait for retracement till 2740 and then buy
I am expecting some good down move as considering FIB Retracement in the chart. Nifty may take Pullback by reaching 11050. If not, we can have very big fall up to 10800 and below. Let's see Happy Trading :)
bank nifty has to do lots of home work to complete Retracement channel level 19455 short on every rise
Bought @ 403.75 Retracement/pullback trade
1. Expecting some retracement in BANK NIFTY from 21900-920 levels keeping in mind if it will hold 21620-640 levels. If levels of 21620-640 is breached Bank nifty might be heading for 21200-300 from current levels. 2. Bank Nifty shows channel movement in 15min chart and if this has to continue it might retrace from levels of 21800-920 towards 22300. So...
IN GOOD RETRACEMENT PHASE. AFTER THE BREAKOUT IT IS A GOOD PULLBACK ENTRY. SEEMS TO BE GOOD FOR BOTH SWING TRADE and SHORT TERM INVESTMENT ONLY FOR EDUCATIONAL PURPOSE
This looks like a pullback from 2/3rd retracement level, so i has got a very crucial support at 1050 and it is also getting support from a trend line, can take long positions for a week. Wait for the bounce from 1050 level for taking a long position. Shorters trade cautiously, this is a strong stock with strong uptrend. Well this looks like a pullback to me but if...
The stock finally completed its retracement to 0.618 levels today Some consolidation may happen here - depending on how NIFTY behaves. Buy above the high of today, 118.2 for 120 as the immediate target. 118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.
ONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84. The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement. Positional Ideas: Go Long above 84 for 86 Short below 80.5 for 78, 77, 76 Scalp between 81 and 84 levels Don't take positional...