It has reached the supply zone and price remain their for two sessions and on third session it has left the zone.
Some pull back to the supply zone can be seen in comming sessions and same to be utilize for offloading.
It can be looked to grab it near to demand zone (levels in chart). As estimated it may find support near 258-260 ( observe black...
Buy Pending Bankbaroda 94.55/- Stoploss 91/- Target 98.10/-
Charts showcase some technical points which help me to rethink about this trade. with a changed entry,profit objective and unchanged stop loss
Pretty interesting setup !!
But I see a short opportunity here.
Just give me a thumbs-up after few trading sessions when you come and see how this trade worked!!
Can short at 1355 with SL at 1385 for targets towards 1320/1300.
Please keep a watch on this !1
The stock has formed "Rectangle Channel" and trading above it. This simple patter offers an opportunity to trade with a reasonable Risk to Reward ratio of 3. One can go long at 1193-1195 with SL of 1168 and can expect a target of 1265 in coming days.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Hi Swing/Long Traders,
Reliance form Head & Shoulder pattern on daily chart
Coming close to near important support zone from here it has reversed 2 to 3 times .
Buying can be done in support zone with strict stop loss of Rs 1012 & for target Rs 1295 mentioned in chart.
Risk to Reward for this trade is 1:2.5
Follow on twitter @piyushrawtani for live trading ideas .
A classical text book dow theory happening in nifty . A parabolic advance in past ten years. Now looks like entering in a distribution phase .
Has broken a weekly trendling and next stop expected to touch 10k .