looking good for Marutiready for head and shoulder pattern breakout
cmp 7426
add till 7000
tgt 10000
long term
Stockmarketindia
Looks good for Medium to Long termStock has shown support at Fibonacci 61.8% retracement level along with good volume at this level.
Dislcaimer: View for Educational purpose only, not to be taken as trading/investment advice.
HCC: TRAILING SL HIT AT 40%Hello Traders!
This is another follow up trade for HCC which was published on 9 Dec. As per my analysis the TSL hit on Friday. Achived 40% in 1.5 months. Not bad! RR captured is 2.28. That is more than 2 times of the risk taken.
Trade closed.
Sometimes the target may not hit. We have to act according to the price behaviour. From here price may consolidate for 1-2 months and then again it may go up and hit the target. But in swing trading time is more important than the target. As we all know 'TIME=MONEY'. We can invest that money in another stock which have higher probability and save the time as well. You can consider this too as a part of risk management and this is how profits can be booked with confidence without having emotional. This is how emotion is dominated by technique and discipline.
I hope this gave you a good insight of 'how to take discussions keeping aside your emotions.
👉Press the like button if you learn something from my analysis and feel free to comment below.
Tata Elxsi Brkout awaitedThe dly chart of Tata Elxsi shows a resis at 6099
A valid brkout abv it is likely to take the prices on the upside.
Can touch app 6600 - 6700
However is prices continue to move abv 6750.......it will likely carry on the upside.
The stock has been in bullish momentum and this brkout may prove to be yet another entry point for those who missed the previous bull run.
Trade as per price action.
EICHER MOTORS: Impulsive moveStock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.
TATA STEEL: Bullish ReversalStock has violated the triangle scenario & broken the previous swing high. one should go long with SL of 1180 & look for the target of 1280/1320-50 zone
Long on TCSStock Should bounce back to 3700 levels.
Disclaimer: Education Purpose view, not a trading advice.
Educational View: BankNifty Buying Level at Trend LIne SupportMarket is in Bear's Grip -- Bank Nifty has to play the role of Savior this time.
Disclaimer : Only Educational View: BankNifty Buying Level at Trend LIne Support
#breakouts trade here you can see a price range breakout with decent volumes price movement will be frequent
ZYDUSWELL : Ascending Triangle PatternAn Ascending triangle pattern found on Zyduswell. Wait for Breakout and Retest.
GLENMARK ANALYSIS 27 JULY 2021As per price action we have seen heavy rejection from high level.
We have seen 14 percent downside in just 1 week also Glenmark broke 50 EMA.
Now Glenmark standing at support area 580 to 590 good buying area zone. wait for good lower price rejection then we will make good buying entry. If any case 580 level will break then we can see down side move upto 550 and 550 200EMA.
BERGER PAINTS: Bullish Triangular waveBuy on dips near the level of 770 , keep sl of 740 and look for the target of 840/870's .
KITEX GARMENT : BREAKOUTAfter an impulsive rise followed by a long term correction stock has give a breakout of the long term downtrend line & is trading in an impulse channel. The current wave can be a 3rd wave. As of now one should buy the stock with SL of 149 for tgt of 329/380 zone.
TCS: Expanded Flat CorrectionSell TCS with SL of 325 for target of 3050 , below 3000 it can slip to 2900 level.
ICICIBANK DESCENDING TRIANGLEicici bank form descending tringle pattern . also no momentum in stock now icici bank standing support area.
BREAKDOWN:- sell below only 634 stop loss 640
target 1 : 617 target 2 : 600 positional trade take time
UPSIDE ONLY ABOVE TRENDLNE BREKOUT above only 645
INDIGO: Bullish Triangle BreakoutAfter a long consolidation for almost 6 months , finally the stock has given a breakout of the triangular structure. Assuming wave (e) completed around 1655 , Indigo is ready to give an upthrust out of the bullish triangular wave.
One should buy the stock on cmp and add on dips (if any), maintain the SL of 1655 which is the area of wave(e) and look for the target of 1880/1960/2020
MAHINDRA HOLIDAYS: Cup & handle breakout Buy the stock on cmp , add on dips till the neckline, maintain the SL of 230 & look for the target of 330/375 area.
IGL: Bullish Triangular waveA formation of Bullish Triangular wave can be seen on the charts of IGL. One should buy the stock at cmp keeping a stop loss of 486 and look for the target of 430/460 & above. The final confirmation of the pattern is above 430. only aggressive traders should buy on cmp while the safe players should wait for the closing above 430.
