#NTPC | symmetrical triangle , wait for the breakout and retracement to BUY
Target = 113
stoploss = slightly below the support zone
LOT size = 5700
Expected profit = around 1 Lac per lot
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Triangles are very common and promising patterns. Normally they are considered as continuation patterns in the direction of prevailing trend. I am presenting here three useful entry techniques. None is better than the other and each one has its own strengths and weaknesses.
As the name suggests the trade is taken, before breakout of triangle,...
At the moment, there is a buying signal and we are getting confirmation.
1- Cloud is below the price.
2- Volume price is getting pushed.
3- Price is trying to go above-average volume.
4- Chikou is above the price and can be free.
5- TENKEN is above the price!
BUY above 1.18670
STOP LOSS- 1.18413
Hello friends , Today i have the technical chart Of Tata Motor Dvr Technical Analysis . Friends as you can see here that it is making Double Top chart pattern which means it can go down and it is down . You can take its Stoploss at 61 Rs and Neck line at 57.10 Rs Its target you can take is at 46.60 Rs as shown in the picture and I have also shown that it can come...
Stock market is not made for retail traders to win. It is made for them to lose and that is the only way professionals can make money.
They will drift retailers out in a shake out and force them to commit on the wrong side of the market. And trust me or not, this is the only way they can make money in the stock market.
There are a few reasons why the...
Diagonals provide a tight zone of Entry and Exit.
Here the Risk Reward ratio is 1:3.
This method is straight forward with easy identification of risk and reward.
Any guesses, what those question marks are?
Could be a stoploss!!!!
Hello friends , Today i have the technical chart Of Havells India Ltd . Friends as you can see here that it was in a up trend but now it can go down because it is making a " Rising wedge " and Also Making Bullish Harami Candle Stick Pattern Which shows that i could be right at here . But remember that it can break upper trend line from where i have shown down...
Band get Support at fib level 0.38, if it may withstand above this level.it has to overcome a Resistance a fib level 0.61
Target Price-21 ,33.8
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A strong impulse Elliott wave pattern can be identified. You could go short since a pullback can be seen. It is in a bullish zone but as we know pullbacks are necessary. If you want to hold for a long then may buy on dips from this pullback.
The stock has been on a steady decline. I am expecting it to decline towards 500 and find support. This presents a good shorting opportunity with the marked support as the target price. With a StopLoss at 565.
This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses...
AAPL - Monthly Chart
Chart formed resistance at Sept 2018. It provided breakout during Oct 2019. It created a high during Jan 2020 and came back to the resistance zone during March 2020.
Price action behind Apple - It broke the resistance and retested the zone. Also formed a green candle for better confirmation. It retests the moving average too. Resistance...