TATACHEM SHORT 15 MIN on a larger frame tata chemical has been within a range however on 5-15 min frame it has already given a short entry last week. However Entry, SL, Tgt points are mentioned on charts which are derived from FIb tool to avoid any random Target or SL as per us. The key here is that I am using fib tool after my experience that you should not place SL/TGT as per your thought process but as per the chart requirements.
Stocksignals
Broadening Wedge pattern reversal in GODREJCP.Godrej Consumer Products Ltd
Key highlights: 💡
✅On 4 Hour Time Frame Stock Showing Reversal of Broadening Wedge Pattern.
✅ It can give movement upto the Reversal final target of below 1030-.
✅There have chances of breakdown of Support level too.
✅ After breakdown of Support level this stock can gives strong downside rally upto below 975-.
techno funda Stock to keep in Radar1. 2 years consolidation
2. Near to Breakout level
3. 1:4+ RR trade
4. Trend is bullish in all time frames
NATIONAL ALLUMINIUM swing tradeNATIONAL ALLUMINIUM
has come out of its range from july 2022 and is looking buy on dips as long it is above 80 levels ,can reach levels of 95/100/120/130 in coming days, SL 75
FUNDAMENTALS :
# Company virtually debt free
# Good cash flow
# 50% promoter holdings (GOOD)
# Low PE ratio (Undervalued)
# FIIs and DIIs increasing stakes in the co (VERY GOOD)
DIXON TECHTIME FRAME:1 HOUR
I will wait for opening tomorrow If I see market will retest on the support on the chart will Enter for a SL of 20-30 points as per my setup. It will also be better to enter using smaller time frame on support if any pattern or Japanese bullish candlestick is represented. The more you buy on support the better it is to place SL as this game is all about probability so let us play it well.