Shortsetup
RBL BANK _ Broken and Retested the IMP Channel (15 Min)Looking at the chart, it looks like RBL Bank done with the Rally and broken the Channel Support, also retested the same due to profit booking (Maybe). But as per my analysis I am going to short with hedge to Get More from the down move with limited risk to the upside.
Entry will be interesting for me with proper exit plan. Do your analysis with the little help of mine.
Positional Trade:
Entry : Below 214
Stoploss: 223
Target: 194 (Maybe more with Trailing SL).
"Like" if you like.
This is my personal view for trades sharing just for learning purpose.
COAL INDIA LONGA cup formation can be seen on the daily charts of Coal India. A handle formation is expected. A short term profit trade can be taken, expecting that formation of the handle will benefit us. (OPEN THE CHART FOR DETAILED VIEW)
RSI shows positive growth with momentum
MACD showed a bearish crossover recently, but current momentum shows that we may see a bullish crossover soon
LEVELS
Entry: CMP (149)
Target: 155 (One small target as there is no breakout or any pattern formation here. Just a handle formation will benefit us. Breakout after cup and handle formation is another idea)
STOP LOSS: 146
Risk-reward ratio PERFECT
Positive point: Coal India is expected to declare its earnings tomorrow. Hence, a BIG MOVE can be seen anytime soon!!
I would recommend going long on COAL INDIA for a very short time (4-5 days) as this is just a quick profit trade with just a handle formation.
Thanks
FOLLOW IF YOU LIKE THE ANALYSIS
💡Don't miss the great sell opportunity in GBPUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.4205).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 34
Take Profits:
Tp1= @1.41350
TP2= @1.40950
TP3= @1.40050
SL: Break Above R2
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🔹🔹Coastal Corporation the Game changer🔹🔹buy @ 170-75 range
sl below 155
trgt 220-290-335++
✔creating lower high's and higher low's.
✔In last 6 months, promoter holding in the company has increased by 3.20%🔥
✔ ongoing accumulation.delivery data of last 10 months seems very postive.u can check the delivery data by clicking the link👇
www.bseindia.com
(open the link then enter the company name and set the time period,u will get the delivery data of the company)
✔anytime bo possible.
nothing more to say guys.u can study🙏
daily frame👇👇
about the company.
Coastal Corporation is engaged in processing and export of sea food
study then invest🙏🙏
BTC update : what next?Currently prices are taking support over 30-32 k level, this level represents a support of wave 2 bottom, which was formed after 1st extended wave.
Technically this is strong support, major demand was formed during that wave.
But considering current scenario,
I feel 19-21k level would be next target for BTC. Support and Resistance levels are drawn. Please check the link attached to it.
What you can do ? Short it below 30 or buy some of the alt coins appropriately 20-30% of your positioning size
Bajaj Finance Correction !Bajaj Finance Showing weakness on which There can be a correction coming out !
Points to analyse-
1. Bajaj Finance have a Double top Which indicates trend reversal or Correction.
2. Major Support / Roundoff Price / Fibonacci Comes at same levels with gives multiple confirmation of strong support !
3. Also there is a little unfilled gap which can be filled this time if market corrects !
4. Market is too up at this time after market averages - price have to come close to average to start new trend
5. There is a support nearby around 5330 If it breaks there are high probability that it can fall .
6. Even if we only follow Trendline after double top trend reversal indication the prices behaviour is to come near trendline !
That what i have analysed If you have any suggestion or queries please contact me freely on twitter or comments of this post !
Stay safe - Stay Healthy
Namaste
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INDUSTOWER SYMMETRICAL TRIANGLE The stock has formed lower high and lower lows resulted in a symmertical triangle pattern and now the stock breakdown so we can expect some fall in upcoming days
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