SIMPLE RESISTANCE CAN ACT AS SUPPORT. GOOD FOR LONG
BULLISH .
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
TCS has corrected more than 10% from ATH and is now moving towards a zone which should act as a good support, any signs of reversals from here can be seen as a good opportunity to go long. Let's see how it works out
According to my analysis, I see a good buy in WOCKPHARMA @482-484 in this bullish market.
Reasons:
1. Supertrend* generated a buy signal.
2. Average Directional Index is above 20** and is rising.
3. Close to 200 ema, Bounce Back Expected.
4. Near PIVOT R2, May act as support now.
Time frame: 1day, Strategy Type: Swing Trade
*Supertrend settings= 14/3
**ADX above...
A support trendline has been forming on the price chart of Wipro since the 1st quarter results in April 2021.
A similar spike in volume and price was observed around the result date in the 2nd quarter results also.
So, expecting this as a pattern the institution buyers are following, we can risk a mere 2% as a stoploss and take the long trade.
Long when the...
REC Long
Bullish Harami Candle pattern found after a long down trend.
Yesterday stock took support at 100 day EMA at 140 level
Buy above- 145
SL- 139
Target- 155, 164
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
