Kennametal India has broken its major resistance with good volumes.
Can enter the trade with 50% on the dip and next 50 % above the 1320 levels
SL 1090
Target 1950
Manage Your Risk
BANKNIFTY
1. ascending triangle pattern formed and breakout movement
2. healthy retracment done
3. wait confimation resistance line break after u can expert t1 and t2 level
HFCL
1. take stong support in primary trend support line
2.last down trend reversal price movement breakout done
3. histrical green line and swing high first target and going up confirmation target 2
BANKNIFTY trading at very crucial levels
as you can see it has formed SYMMETRICAL TRIANGLE PATTERN wherein BREAKOUT ON EITHER SIDE COULD RESULT IN SOMETHING HUGE
IMPORTANT LEVELS MENTIONED IN THE CHART
Nifty View: The Benchmark Nifty index keeps oscillating and keeps us all guessing which way will it eventually breakout. With Friday’s unit point negative close it was a disappointing close as the index slipped significantly from its intra-day high of 15,872. There is no dearth of volatility but definite ambiguity in terms of the underlying trend of the index....
# Stock is in Correction since so many days
# Now it has settle down on Weekly Support (Demand Zone) and a Hammer has Formed on Weekly Charts
# Buy Putting the Low of Hammer as a Stop loss can go long for 8-10% Target.
Sustaining 15720 - 15740 wil make the price to move towards 15780, 15820, 15860 and 15900. Bearish below 15700 - 15720 for the targets 15660, 15620, 15580 and 15520.
Buy Silver: Silver is ready for upmove
All Details are mentioned on Charts.
A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position.
SUNTV | Breakout occuring after long consolidation.
CMP : 562
SL : 500
arget : 650, 825, 950
Almost 1:4 risk reward
Since it is long consolidation i'm ignoring the first resistance i hope it will be taken out.
