This is really amazing that aurbindo pharma is showing weakness symptoms where as sellers are being trapped. In fact one of my followers requested to clear the picture of this stock . Basically he is short with heavy quantity. I do not know the rate at which , he took positions. So this analysis for you...
Talking about the long term is a reversal point for the close. The eyes of both investors and buyers should be on this stock for deep buying. Over-reaction, which is a little more down moves us a super entry point for the trader. 483 nearby are the best level for short term holding.
There's 2 targets for investor and swing traders.
First is easy which mentioned...
Short SRTRANSFIN Below 1193 - Stop-loss 1235 - Target 940
If Price Closes above 1234 Before Breaking 1193 then trading set-up becomes invalid. CMP is 1203.
How to trade ranging prices/market
NOTE: IF YOU ARE PLANNING TO TRADE, I WILL WORK FOR DAILY TIME-FRAME AND 30-MINUTES TIME-FRAWE FOR GETTING ACCURATE NUMBER TO TRADE. Kindly, say in comment section.
1) The primary trend is up.
2) The remarkable point is price rotation which is a sign for you to trade in which direction.
3) Volume gives hit of your direct right or wrong
4) Observation area should...
If the previous record of this stock is checked, it may be noted that this stock is always following the channel. Presently price very near the value low where investors can take their position.
The current price is 550 - Support of value 525 nearby = 25 points patience is required.
You can make your Trade Setup by using this distance of the 25 points.
Voltas has formed 8 waves channel (value area) with control price.
The current price is trading at 653 and major resistance are 665 nearby and 636 nearby, the calculation of far;
Major R. 665 - Major R. 636 = 31 / 2 = center 15.5
Plan A: Buy this stock above 665 if close
Plan B: Buy at the value low 636 nearby
Both trade-plans has the same target...
In the previous analysis was worked accurate on TATATOMOTORS.
The execution of the strongest responsive moved seen in it, and the price come to value low. Traders & Investors attraction always come to at this point to long.
The previous Support at 167 nearby, I suggest to take a long position and over the responsive move.
NSE:BPCL Stock was one of the top gainers in pre-market.
The Price on daily chart has formed morning star candlestick pattern which is a bullish reversal candle and it has also formed a falling wedge pattern which is a bullish reversal pattern. we can expect spikes in buying volume in the the share price of BPCL.
**for study purpose only**