M_M is consolidating at important zone which is also a good support
a good risk to reward trade can be initiated here with 4-5% risk and 15-20% reward as target 1 and 2
risk taker can initiate the trade here but safe traders wait for a green candle and volume but this will effect your risk to reward ratio
this is not a trade recommendation
Here we can see that Siemens is taking constant supports from the supporting trendline since Dec 2020. The stock is now again at its supporting trendline which creates a good opportunity to go long!.
There are three strong reasons for me to take this trade:
1) The support zone at 2150 levels
2) The presence of a strong 50 day EMA
Bullish Flag breakout in M&M after six months consolidation on monthly chart & on weekly chart as well.
Auto index also gave breakout and looks bullish on daily chart.
Resistance levels to watch is 822, 850.
BUY:- Buy VBL above 952 with a stop loss of below 930. VBL trying to break highs as for now, it's consolidating near the levels.
Disclaimer :- This is only for educational purposes please do your own analysis before investing hard-earned money.
UBL share is near to breakout, stock is consolidating from 1st September between 1570-1600.
Stock get rejected four times from the level of 1600.
So if stock is giving the BREAKOUT you can make a position once it cross 1607.
Our Target is 1640, once it cross 1640 we can see more upward momentum.
NSE:ANGELBRKG has broken out of symmetrical triangle and resistance level with good amount of volume. The stock is currently at the retest level forming bullish pin bar right at this key support level. The stock can rally from the current price and looking good at CMP. Risk to Reward ratio is very good at this price.
DISCLAIMER : This is not a call. The...
IOL Chemical & Pharmaceuticals Ltd. #iolcp
CMP :- 552.15
Taking Support 550-540 levels.
Day closing below 530 levels will be more pain.
Look good for 610-700 levels.
#StockMarket #investing #stocks #investments