BPCL CMP 350.5 - the stock has taken resistance exactly at 76.4% retracement at 355 odd levels - given the set up one may consider to 370 Call option currently at 12 Lot size 1800 Max profit potential Rs 21600/- per lot (yield potential of 8% til 25 June) In built loss protection for a rise up to 382 in spot price Take care & safe trading.
LUPIN Lupin following a channel and heading towards the resistance area. Expecting a bounce back from the resistance. CMP : 910.15 Entry Price : 925 Stop-loss : 930 first Target : 890 second target : 894
Price falling right from 50% retracement, doji on daily. Can be sold between 130-131 with s/l 134 and target 118. R:R is more than 3:1
20590-30 another level to watch expecting downside week rally to up can be used to short the index yesterdays fall was with good momentum week rally seen with compression to upside
INFRATEL is currently at strong resistance level. Incase if breaks 220 levels, we can see furtehr downside. Below 220 - > targets of 217/212/209/206 Add to watch list & trade as per trend.
As shown in charts 1) Currently trading Near Monthly Resistance 2) Inside Candle Formed 3) Negative Divergence Spotted If breaks 609, One can wait for target of 580 or more
After a huge rally, retracement is expected, and this is a retracement trade Overall, Balkrishna Industries is in an uptrend, so be careful Information is given on the chart This is an educational post Grateful!🙏
I hope you can now see how the BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favour. Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is...
Axis Bank Head and Shoulders Pattern breakout. Sell on any retracement.
Torrent Power short 295 sl 308
We can see an Ascending Channel Pattern being formed on AUDNZD Chart, Seems to be a possible breakout , Only trade after a Breakout of support and take profits of around 500 pips easily
We can see a clear rising wedge formation on AUDJPY and there is a very high possibility of breakout of support, if it does then there is a chance of going on SHORT on this trade and get a minimum of 500pips in your pocket
We can spot a clear Head & Shoulders Pattern Formation in NIFTY D1 Chart, I have used Heikin Ashi For clarity , u can even use it as your exit point as soon as it forms a bullish candle (red color)
Short LIC Housing @260 SL @287