UPL : A ZIGZAG Correction Trading plan:
Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350
Stockstowatch
HDFCLIFE buy signal at 660/630 , Broke its resistanceI will look at buying AMBUJACEM because :
HDFCLIFE has broken its major resistance.
It has high chances of reaching 700-900 levels .
It has broken the resistance and that resistance may act as support .
Entry : 660/630
Target : 700/780/900
Stop loss : 600
ITC buy signal at 213 , Broke major resistance I will look at buying ITC because :
ITC has broken its major resistance.
It has high chances of reaching 260 levels .
It has broken the resistance with good green candle.
Entry : 213
Target : 240/267
Stop loss : 201
BAJAJFINSV Buy signal at 5862 , Forming rectangle pattern I will go LONG on BAJAJFINSV 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 - 5862
Target - 6685
Stop loss - 5492
WHIRLPOOL Buy signal at 2067 support at the trend lineI will buy WHIRLPOOL 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 : 2067
Target : 2311
Stop loss : 1985
VGUARD at its support Buy at 162I will buy VGUARD 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 : 162
Target : 190
Stop loss : 158
BANDHANBNK Buy signal at support at the trend lineI will buy BANDHANBNK because :
It has been taking support at the trend line .
It has touched the trend line 3 times and has not been able to break it.
It is also forming a inverted head and shoulder pattern.
So will be looking at buying opportunities.
Entry : 325
Target : 405/410
Stop loss : 295
Hindustan unilever at 2333... From 2180!!Hindustan unilever at 2333... From 2180. Hope you are enjoying the ride. Simple charts are enough to trade.
COFORGE: ZIGZAG CORRECTION , confirmation After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Bajaj finance... Go long only above 4900Bajaj finance... What a journey. Go long only above 4900. If it breaks 4900, big break out for next journey.
Cipla out of the box... Trade it wellCipla reached upper box level and broke... Trade it well with proper sl.
Dont miss Galaxy surfactants between 1800 to 1700Dont miss Galaxy surfactants between 1800 to 1700... It can go till 2100 2200
Aavas Financiers is ready for 1700+Buy Aavas Financiers with small SL and wait for for big targets for small term. Follow for simple chart analysis and short term picks.
Symphony at good levels for long termSymphony is trading at support levels. Good price to invest and hold for 6 to 9 months.
Double Top in Zydus Wellness.Zydus wellness has currently formed a double top pattern on weekly charts.
A valid breakout above the top will lead to further uptrend and one may witness levels of app 2300, 2600 , 3000
Trade as per price action.
GICRE at its support Buy at 122I will buy GICRE because :
It has been taking support at the trend line .
So will be looking at buying opportunities.
Entry : 122
Target : 169
Stop loss : 111
