A good move was seen in all IT packs in last session.
Infy is about to give symmetric triangle Breakout.
Good buy above 1145 for the first target of recent swing high 1186
Keep trailing your SL if stock comes in your direction
Note : This idea is only for educational purpose
TITAN | Lets be part of all time high stock while it is making - Breakout and retesting the zone now. Weekly chart and price consolidation range suggests it can go up 27% up from here.
CMP : 1335
SL : 1300
Target : Open (Can ride the trend using Pivots) - Keep trailing SL below intraday level S1 everyday once we got 10% profit.
How to determine the target after T-Bar ?
By utilizing Fib. Retracement, target can 38.2% first and 61.8% second. There's also important how to ride your profit which depends on many factors such as trailing SL, Volume, etc.
Targets are 227.55 and 211.75.
My previous work on this stock :
SOLD: (247-249): - I have activated to sell in TimeLine...
The following points are confirmation for U-Turn .
The volume will decrease if stock wants to change the direction OR, Volume will be average vol.
We will see the tail end of last 2 candles after a surge in price (approx. upto 491.8)
The currently TATASTEEL is trading in up-tren d, but time-Cycle(iii) is the negatives in time. The previous support...
PFC | Big potential - Looks good for 25% to 38% - Consider entering during retracement.
CMP : 98
SL : 94
(But can considerably keep below 86 - if willing to hold for short term - and buy in dips upto 88 even if this breakout is not sustained )
Target : 115, 121, 132
Zoom In to verify the range of the channel.
Upper Band Poten tial Reversal Zone (PRZ) - 13003 to 13088
Parallel Channel's Resistance zone.
The "Control Price" will attract value towards it.
Previous work on the Same channel:...
Nifty presently is testing a stiff resistance zone. This resistance zone has acted as supply zone for the last 5 times and this is the sixth time it is testing it.
The first time it entered this zone on Oct 2007, kept consolidating and finally failed on Jan 2008
Second time in Jan 2018 - touched and got rejected
Third time tried again on late Aug 2018 and...
Bajaj finserv is showing a good strength with support of RSI and huge volume addition in weekly time frame.
OI builtup shows that PUT writers are aggressively making their new position and CALL writers are closing their position.
RSI strength, volume addition, OI builtup showing Bullish indication on this stock.
8800 to 9100 this is a strong resistance level if...
#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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