Inverse Head and Shoulders This pattern forms after an extensive downside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bear rally in which the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the...
Titan has been trading in a range for the past few trading sessions. RSI and MACD are indicating weakness. Keep it simple. Two levels are marked. the trade will be activated once it breaks the nearest 30m candles low marked on the chart. It's always good to wait for confirmation. If it goes as expected and the price breaks the lower line, wait for it to retrace...
Read the chart from left to right for a clear understanding. Stock: Allcargo Trade type – Swing Buy level: 348.10 (above breakout candle) SL: 318.75 (below the breakout candle) Target: 398 Risk/Reward ratio: 1.7 The setup uses price action and two indicators – RSI & MACD for confirmation of the signal. Chart formed a Gap on 02nd November. Gaps are formed due to...
Stock is rising in an impulsive way & can be seen forming a five wave structure of which currently a triangular wave 4 has just completed. Buy on cmp with SL of 2180 & look for the target of 2350/2400
Black trendline crossed As I mentioned earlier chart which is attached below and Redline is another major diagonal trendline. I'm on the Bullish side at this level, But I still can't decide exactly what the market will do. If the market starts with a green candle it may retest to 35375, wait to reject confirmation candle to go upside or if it crosses down this red...
Stock is rising in impulsive manner. We can clearly spot impulsive nature of price action. Currently we can expect the 4th wave completion & the stock is rising up into its 5th wave. One should buy the stock with SL OF 610 & look for the target of 900-980 zone.
BPCL, one of the highest dividend payout stocks, forms the symmetrical triangle. The stock taking support at the monthly trendline with higher volumes compared to the last month. Oil price increase may be one of the reason behind this. Let's see whether it respects the trendline or not. What's your thought on this?
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BNF Retracement almost near completion. Clossing is above .5 Fib level Max we can expect till 35936( Below same the rally will have minimum effect for trend progress) 36k is strong psychological level nd we can see huge PUT writting. Above 36200 we can see bnf moving till 36600 Idea invalid below 35900
Stock Name - EASY TRIP PLanners. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo is super bullish and chikou span is slanting upwards. All these parameters are showing the further strength & More strength will be visible once it will cross 365. Worth to keep in watch list for coming days #This is not Buy and Sell...
Range breakout with strong weekly closing. One should buy the sock with SL of 1140 and look for the target of 1360/1440 in coming weeks
Paytm is moving in strong falling wedge pattern next bottom is 500 and then 440 buy only at given bottoms
After accumulating within a Darvas Box since August 2021 and a further Triangle since October 2021, Hindustan Aeronautics has given a breakout of the Triangle which is also currently being re-tested. HAL is fundamentally a strong play for the long-run. On the technical side, riskier traders may enter on this Triangle re-test at CMP and hold for breakout of the...
I will buy GODREJPROP because : The price is on the verge of breaking resistance If the price breaks 1630 level it can fly Entry : 1630 Target : 1800/200/2400 Stop loss : 1375
I will buy PIIND because : The price is has broken resistance broken a resistance which was acting as support before The price is now at support the resistance may act as SUPPORT. Entry : 2815 Target : 3100/3400 Stop loss : 2610
I will buy BOROLTD because : The price is going to brake the resistance. It showed a good move upwards before breaking Resistance. The price is now at support the resistance may act as SUPPORT. Entry : 260 Target : 320 Stop loss : 246
I will buy Polyplex because : HIGH PROBABILITY TRADE It has been taking support The price has broken the resistance twice and looks bullish So will be looking at buying opportunities. Entry : 2100 Target : 2592 Stop loss : 1955
Vanakkam Makkale,it's me VJ.We got an opportunity for swing in HFCL with ROI OF around 10%. As I always say........(you guys know what I'm going to tell next),Cheers!