BSE - the oldest and largest, in terms of number of companies registered, Stock Market Exchange has been listed on its rival exchange NSE on 3rd February 2017 giving handsome listing profits to the traders, opened at 1085, hitting high of 1200 in the intraday itself and then closed at 1069.2 after hitting the low of 1065.1. The candle discovered was a inverted...
We have seen that prices have formed XABCD pattern and prices have given a breakout from that pattern. Prices are had formed Rounding bottom and breakout without any correction in prices near its resistance. As prices haven't correct or consolidate prices gained further and took resistance near Fib Retracement of 1.618 and started corrected. Prices are in...
After having an awesome movement, IDEA consolidated in narrow range. So the pattern which formed was FLAG. Recently prices have given an strong breakout from the pattern and likely to trade higher till 150 or levels which can also read as the size of pole.
After a strong move and a consolidation face IDEA has formed a FLAG pattern. Now the prices have given breakout from it and likely to move up till the height of the Pole. So the target for the script could be around 150 or levels
Price seems to have found nice support near 370-380 zones on the weekly charts. Last week's rise seems to be an indication of buying interest at support. Once the levels of 430 is crossed on the charts, a short term move to 480-500 seems possible. Will consider for Long next week on a small retracement. SL below low of last week is a bit steep for my liking....
Price seems to be breaking out above 162, from a weekly consolidation zone. An interesting long setup here. Will add longs on a smaller retracement day.
Another stock that seems to be showing some buying interest. On watch list for now. Will review next week for long trades.
Seems an interesting setup on the weekly charts, after a nice bounce last week on decent volumes. A close above 48-49 can possibly bring in some momentum too. No position yet. Will keep a watch on this though.
AuroPharama is giving a Potential Short setup for Wave C down for ABC correction. One can short at current levels with stoploss just above 731 and Target around 670.
IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!
INDHOTEL weekly charts is setting up well. On close above 110, it can be a good long candidate in my view. Ideally, I would have to liked to buy 90-92. But it didn't show up in my scan then. :|
PRAKASH INDUSTRIES is heading towards a resistance zone on the weekly charts near 65-68. A break-out above this zone, will be interesting candidate for long. For now, watch mode. Above the resistance zone, will initiate longs.
Multiple lows near 70 zone. Last week, price showed early signs of buying interest. Today there seems to a good buying interest. A TLB on the weekly chart, can be further indication of price wanting to move up. I'm long with STOP below 70. So, I'm biased that way.
Price seems to have broken out above the zone of 100. I'm expecting a move up from these levels to retest prev swing highs. Let's see how it plays out. Below 80, long view is negated.