SBIN - Positional Trading SetupDisclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
Stocksignals
LONG BUY signal CESC , Rectangle pattern , Trading is all about I will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 561
Target - 692
Stop loss - 534
BUY signal COROMANDEL at 723 , Rectangle patternI will go LONG on COROMANDEL because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 723
Target - 824
Stop loss - 697
HDFC SHORT at 1957 Good pinbarGOOD PIN BAR IN 1 day GOOD TIME TO SHORT
Entry - 1957
Target - 1880/1764
Stop loss - 2018
IBULHSGFIN - Positional Trading SetupDisclaimer: All charts are purely for educational and information purpose. Invest or Trade with the help of your financial advisor only.
Long on Bhartiairtle at 528.60 Entry - 528.60
Target - 593
Stoploss - 519.85
I will go LONG on Bhartiairtle because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Apollo tyre buying opportunity at 120The Apollo tyre price is bouncing in a bullish channel , I'm expecting the price to up within the channel it can even break the channel give a very big up move . If it breaks the channel downward it may give a downward move and we will have to short it .
Entry : 120
Target : 140
Stop loss : 115
ENGINERSIN forming a expanding channel BUY siganls at 67I WILL LOOK AT BUYING OPPORTUNITIES AT ENGINERSIN because :
It is forming a continuous channel pattern.
It is kind of expanding pattern .
It has been taking the support of the lower trend line.
Now the price is again at its support level so will be looking at buying opportunities.
Entry : 67
First Target : 75
Second Target : 82
Stop loss : 63.5
BUY signal HINDPETRO , Rectangle pattern I will go LONG on HINDPETRO because:
The price is forming a Chanel or Rectangle Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 175
Target - 240
Stop loss - 163
BPCL Buy signal at 345 support at the trend lineI will buy BPCL because :
It has been taking support at the trend line .
It has touched the trend line 2 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 345
Target : 442/490
Stop loss : 327
GSPL BUY signal at 223 , Support at the trendlineI will buy GSPL because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 192
Target : 223
Stop loss : 189
Tesla to retest $500 mark.Tesla is in ascending triangle which has bias to break to the upside.
Good fundamentals and strong demand.
RSI is also in ascending triangle.
I expect the price to either retest the uptrend line or break the $460 mark and go for $500.
How to play this?
So either buy the break of $460 or set a long position at $415 for improved reward.
Good luck!
Tibor
NAM_INDIA Buy signal at 262 support at the trend lineI will buy NAM_INDIA because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 262
Target : 327
Stop loss : 248
TORNTPOWER buy at 312 , Price action is kingI will go LONG on TORNTPOWER because:
The price is taking support at trend line .
It has touched the support trend line again .
So will look at buying opportunities.
If it falls below the support trend line then short it.
Entry - 312
Target - 350/367
Stop loss - 300
WABAG buy signal at 183 , 24% move to be expected I will go LONG on WABAG because:
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 183
Target - 224/229
Stop loss - 170
SHORT Short signal Kotakbnk at 1306 , Rising wedge pattern breakEntry - 1306
First target - 1270
Second target - 1234
Third target - 1158
Stop loss - 1338
I will short kotakbnk because :
1) It is forming a rising wedge pattern.
2) The price has given a breakout from the rising wedge pattern.
3) The breakout is downards so will short kotakbnk.
Long on Bhartiairtle at 352I will go long on icicibank because its forming a channel pattern
Entry - 352
Target - 396
Stoploss - 347
AdaniPorts tested with Elliot Wave and big breakout yet to happ NSE:ADANIPORTS
On this stock Elliot wave theory applied and try to find a big move within this stock and what I found till date
** Wave 1 already completed and Wave 2 also with respect of Fibonacci retracement levels .
** On wave 1 we can see a impulse wave with leading diagonal formation pattern and clearly match with Fibo levels in shorter degree waves also.
** On wave 2 also match with Fibo levels and its show zigzag type corrective wave.
** As we know mostly Stock and Forex have the biggest wave is 3rd wave which about to happen, So I am using Fibo levels for Wave 3 predictions which has to be 1.236-161.8% within this range mostly, which is around 405-469 zone but I preferred 450-60 for Wave 3 high.
** Now when and how we should entered in this Wave 3 ?
Ans: After breakout above wave 1 high which is 368 approx
** What will be our Target area ?
Ans: 25% should booked at 405 and afterwards 460 for rest if the 75% positions.
** Where we should put our Stop ?
Ans: Biggest challenge is going to be this one putting a stop this trade a fair stop should be 327-338 zone for out of this trade.
Note: Risk is completely yours, this trade can take longer time to complete.
RelianceReliance 2100₹-2120₹ sell will be active or 2075 below panic selling active for 2050,2030₹
oi data fut long unwinding is evident of seller are active..
GRASIM Short at 634 , AT Resistance levelI will SHORT on GRASIM because:
1) The price is under Support/Resistance zone.
2) It has touched the resistance and may reach the support zone .
3) Target would be the Support area . Book profit when it reaches its support .
4) The price is also forming a Chanel or Rectangle Pattern .
BUY signal CESC , Rectangle pattern , Trading is all about skill will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
MARUTI The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish.
Key Resistance at 6550,6620 and 6750.
Key Support at 6150 and 6000
Happy trading
K
