ATH breakout pullback and continuationbuy above 5000 for intraday and positional
keep stoploss of 4450 DCB for positional
For Intraday:
Note this scrip is volatile for intraday as spread difference is more so keep position sizing small
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
Search in ideas for "dcb"
Swing Trade: watch for range breakoutbuy above 8350 for swing trade
for safer side one can wait for 8500 level
keep stoploss 7680 DCB
Target - open or keep booking partially at each 5% level
Nifty Future monthly Analysis.As long as Nifty future is holding above 17863 on daily closing/settlement basis. One can hold long positions in far month call options/futures(Jan 2022 expiry). Heavy long winding expected on closing below 17863(DCB).
Note. This is just my personal view and not to be considered as a trade recommendation. Kindly do your own analysis before entering any trade.
Tanla Platforms- Weekly and monthly breakouttanla platforms- on the verge of ATH breakout.
9 mnth consolidation- baby to be born
Weekly close abv Rs1030 required. cmp 1010
T1-1320(flag size)
T2-1030+906=1936
Weekly ADX stopped falling and now stable/sloping
upward. Daily ADX abv 25
Tranch1- Buy on close abv 1030(dcb)
Tranch 2-Buy on weekly close abv 1320
Stop loss Rs 800 WCB.
monthly ADX at 60 shud give comfort from downside. Investment call. Ideal time horizon 3-6 mnths
regards
mayank
21/10/21