Long entry can be taken in somany after the BO of the TL. High probability trade. At the support level, the bullish engulfing candle has been seen. RSI also forms +ve divergence. Entry can be taken between 625-640 with SL of 588 for the target price of 730-755. This is for your educational purpose only.
buy above 950 in intraday and swing
keep stoploss 925 for swing
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...
Multiyear Breakout on weekly time frame.
Good to get entry only if stay above 715. It still faces resistance from higher level.
Let's see if it can stay and close above 715 in next week.
After forming a rounding base, Somany Ceramics is now forming a text book pullback pattern with price consolidating in a narrow range above the base. The resistance turned support line has not been violated during this period of consolidation and volume is drying up, just like how it dried up during the base formation. The company is likely to announce it's...
Right place to park capital here. Strong product portfolio and good demand of products are the reason of recovery from depth. Technically it has given rounding bottom breakout on weekly chart. Increasing volume also conforming the trend. Long term expected target is above 800.
Descending Triangle: Target: 327; confirmed with breakdown. SL: 440. (basis 4hr charts)
Disclaimer: I am a novice in the markets, so please don't construe your trade basis this chart. I post it to see if my views holds true.