Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
Poonawalla Fincorp Ltd. @ 181 with target of 190 CMP IS 178.90
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 170.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your...
we share here SOBHA chart ... why i select this stock?
RSI show strenth
stock trading above all IMP moving avg
stock in uptrend
stock at the breakout level
stock trading around 52 weeks high
As per the chart, one can clearly see an Inv H&S formation in Bank Nifty.
Breakout is still awaited.
Upon a valid BO, it can touch app 41,650 - 41,700.
SL blw low of Right Shoulder.
Trade as per price action.
Weekly chart.
cup and handle BO
entry arround 90 ( better on retest)
T1- 116
T2- 160
sl- below swing low daily or 2H ,as per ur risk appetite .
just for study purpose. do ur own analysis b4 investing.
NSE:BEL
Observations:
1) On 1 day time frame, it has been trading inside parallel channel and immediate support trendline is middle line of the parallel channel.
Breakout of upper trendline of parallel channel will give good up move.
Please refer below chart : 1day Time Frame.
2) On 1 day time frame, if we apply...
triangle formation in this stock. As per information, this week might be good for chemical stocks. So might be a great opportunity for our treader if it gives a green candle in the upcoming session.
Weekly chart.
only technicals no fundamental. high risk trade
entry -4.00 trianle BO and retest
Sl- 2.30
T1- 7.35
T2-16.45
T3-25.20
High risk, will take time and volume needed for BO
Use ur own analysis.
![BEL: Simple Trade Setup | BEL | 18-10-2021 [ INTRADAY & POSITIONAL]](https://s3.tradingview.com/i/IHi6QBEm_mid.png "Simple Trade Setup | BEL | 18-10-2021 [ INTRADAY & POSITIONAL]")
