HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
HUL hit upper TL. It started falling after asked to book profits.
Trading plan: Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350
I 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
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
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...
I 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
I 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
I 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. Hope you are enjoying the ride. Simple charts are enough to trade.
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... What a journey. Go long only above 4900. If it breaks 4900, big break out for next journey.
Analysis mentioned on the chart.
Cipla hits 770 after breakout... A good trade of more than 10 rupees
Cipla reached upper box level and broke... Trade it well with proper sl.