I do not like writing beautiful stories and convincing you to like my idea. I'll just give you the reasons which makes me feel, WIPRO can be a good buy. Use your own analysis for execution.
Reasons to Buy:
1) Price reaching for the previous accumulation level.
2) Fundamental reason for demand as the company will distribute dividends.
3) IT sector has a tendency...
REASONS:
1. RANGE AREA BREAK and RETEST
2. BREAK of STRUCTURE (BOS)
3. POI level ENTERY CHANCE
4. GOOD RISK REWARD
we can easily can follow money management process at this entry
please comment your suggestion
This is a clear chart with marked DZ/SZ zones! One thing to notice here is the weekly swap zone (orange colour) which lies in between 165-175 approx. and one can clearly see how strong is this zone (auth zone) as the volumes speak for it's justification! Also, RSI is also coming to support the above probability by showing divergence compared to price.
So, fresh...
A strong formation can be seen on the charts very clearly! 3yr Weekly Swap turned into DZ which is act as a very strong support now.
A mild divergence was the reason for the stock to apply break on it's upside momentum but this will resume once the marked resistance levels (orange lines) are conquered.
Pivot Reversal Levels:
- Buy above 544.50
- Sell below 487.50
nifty trading first time out of trendline , but chart stll dont show negativity
thus woukd stay withtrend for long play with small sl at 15700 for 16300
Recently in previous candle the resistance/supply zone has been breached/broke with a good hike in volume. Would suggest to go long at CMP or can go for buy on dip strategy till 5845 level. After being in a zone for a long time, Expecting a good Upside Movement till 6344 level, go long with the strict stop-loss of 5744 (only on candle closing below basis)...
Aurobindo Pharma was consolidating for a while near the Supply Zone /Resistance. The price burst out like water bursts out after huge pressure build up inside a pipe. On similar lines, when there is strong consolidation , its like pressure building up on the price near a resistance or support and soon after , the price breakouts with extreme force. A same action...
EURUSD trending between 18750 to 19900 for the past 2 weeks, this week also not expecting very big change in trend,
Analysis only for education purpose
GRAPHITE | Looks good for doubling - 133%
CMP : 476 (Dip till 420)
SL : 380
Target : 1065
Almost 1:10 risk reward setup. Can put 5-6% of the capital and sit tight without disturbing the trade. May take few months to perform
CUB | Excellent retracement to breakout level with Pivot support (S1) - Looks good for 50%
CMP : 164
SL : 145
Target : 245
1:5+ risk reward setup
Hoping to get the same result like REDINGTON, ABCAPITAL and BAJAJHLDING :)
ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE.
888-885 CAN ACT AS GOOD RESISTANCE; BUY ABOVE 892.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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I am gonna break the generational curse here, I am here on one mission , to bring out the best in you and teach you the best way to manifest good trades.
