moving average example ( random )moving average ( here , SIMPLE MOVING AVERAGE ) is useful in trend trade
Support and Resistance
Buy coromandal international for short term gainMy idea is purely educational.
Buy Coromandal Intl in the range of 790-800 for immediate target of 840 and then to 880 by the end of this week only.
Educational Swing trade in hindsight - not a future trade.Made swing low of 875 - 1108. Draw Fibonacci levels from swing high to swing low. Made shooting star price pattern (14th July) and bullish hammer (10th august) near Fibonacci 61 percent levels. Entry could have been in buy zone and target as near term resistance (1071) and Stop loss at swing low (875). 10 percent gain in a month could have been achieved.
Buy APPLTD for short term gainMy idea is for purely educational.
APPLTD can be bought around 990-1000 for immediate target of 1130 then to 1200. Time period is one week.
Buy GMMPfaudler for short term gainMy view is purely educational.
GMM pfaudler can be bought in the range of 5900-6000 for short term (1 week) for the target of 6600 and then to 6900.
buy IOLCP for short term gainThis is my first idea and its purely my view for educational purpose.
IOLCP can be bought at support level of 800-810 for first target of 855-960 an then second target of 910-915. I don't think it will take more than a week to reach this.
Again Small Breakout from Small ConsolidationAs per the chart, We can see 670 Rs. as per the chart pattern
Bank Nifty - Bullish Crab Pattern - 15 min ChartHarmonic pattern likely to be formed in Bank Nifty. The same is coinciding with a strong support band of 21200-21050.
Enter trade only if positive RSI divergence is seen. Views negated below 21050.
Note - Views only for educational purposes, not a trade recommendation.
Descending Triangle in BAJFINANCEBAJFINANCE is forming a descending triangle. With its Quaterly earning slated to be released on May 19th, the stock could sink further if the results are bad inviting a short entry. Consider booking partial profits if you are holding from 700-1300 levels. 1920-1950 is the support in weekly chart and if it closes below that on weekly basis then next support would be at 1600 levels.
Reliance Profit booking at higher levelsAs reliance have touched its All time high for the third month, it would be advisable to book partial profits at higher levels and could wait for the Fibonacci retracement for lower levels for buying in dips. Reliance has rallied more than 75% in just 1.5 months hence expect some profit booking and correction.
