Support and Resistance
PFC_Trend loosing its strengthTrend start to loose its strength.
You can trade if breaks the trend line.
#Nifty 11570 11550 is crucial support for niftyNSE:NIFTY
if nifty break this support on closing bases this 200 300 point fall can be seen
BalkrishnaIt's a short below 958 on 30mins clbs for T1 955, T2 950, Sl 962.
S&R lines are clearly drawn in the chart
Tata SteelLooking at S&R
Go long above 546 for T1 551 and T1 554, Sl 541 clbs
Go short below 541 clbs for T1 538 and T2 535, Sl 543
wedge with multiple times tested support & resistanceThe stock has been rallying inside the wedge for a long time with multiple testing of both the support and resistance,
Look for trade opportunities
Wedge with strong support and resistance linesSupport and resistance has been tested several times good for swing trades
#BPCL CASH : LOOKS GOOD ABOVE 361.10#BPCL CASH
09 APRIL 2019
LOOKS GOOD ABOVE 361.10
STOPLOSS 356
TGT 365-366/372-374
(STRONG RESISTANCE 375)
CMP 356
IBULHSGFIN : Terminal PointIBULHSGFIN reached its terminal point & being resisted by previour major sell off zone, it should turn back towards mean(Yellow Line) or Lower TL.
Trades can be taken either side Eg. Long from Lower TL( Green Line ) Short for Upper One.
A Good read for all : why-teamwork?
if you have any queries regarding above idea or any other stock feel free to D'M
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