Stocktrading
LTI long opportunityNSE:LTI
Stock -> LTI
TimeFrame -> Weekly
Hello all!
LTI has been moving in a pole and flag pattern. It fell to its support in May 2022 and showed a strong bounceback in July 2022, thus also breaking the flag. This I believe presents a good opportunity to go long!
There are multiple other factors that strengthen my conviction on going long:
-The bounceback came off of the golden Fibonacci zone.
-The stock took support from its 200-week EMA.
-The golden zone coincides with the support zone.
Risk-averse traders should wait for a strong closing above the blue line as the stock will start trading above the nearest swing high and also the 50-week EMA.
*NOT A CALL*
#LTI #technicalanalysis #stocktrading #swingtrading #nifty #markets #trading #investing #ema
Grasim - IntradayGrasim formed an inverted " HEAD AND SHOULDER PATTERN " and the first target of 1700 is achieved.
Now it's trying to cross the zone 1650 - 1700.
Thus the Volume in Grasim looks good near the resistance level of 1700.
BUYING - 1704 or above we can look for buying and a morning 5min candle should close above 1700 will give a good rise.
- we can look for an inside candle and then take a trade.
- if it opened FLAT then we have to wait for the breakout.
Selling - If the 1700 level is taken as resistance then we can sell below 1690 which can lead it to the target of 1680 to 1660.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
AXIS BANK AXIS BANK near its long term resistance area ...its took first time resistance in this area in june 2019...after that its try o break resistance again in oct. 2021 but fail to sustain ..now again its hit the resistance level ..my view is clear if its break 875 level and give a weekly closing above on it we go long but if its not happen and we get any nagtive price action or nagtive candle near resistance then we go short again form here..
Tatva Chintan Pharma Chem LtdBuying zones buys small small quantities
if next q give good result seems on 3000 level asap.
No. Eq. Shares Cr 2.22
---------- Promoters+ - FIIs +- DIIs + Public +
sep 2021 79.17 3.53 7.36 9.94
Dec 2021 79.17 2.91 7.87 10.05
Mar 2022 79.17 3.05 8.13 9.65
Jun 2022 79.17 3.53 10.75 6.65
DII increases stake by 3.39%
increase your stake to slowly slowly..